Induction Cooktop vs Electric Stove (Radiant Cooktop): Which Costs More to Run? (2026)
Induction uses about 20 percent less electricity than a radiant electric hob for the same cooking, because it heats the pan directly instead of a glass surface under it. It also boils water faster and stays cool to the touch. The only drawbacks are needing magnetic cookware and a higher purchase price.
At the hours shown, Induction Cooktop costs about $118.26 per year and Electric Stove (Radiant Cooktop) about $131.40 in United States (average).
| Appliance | Typical watts | Hours / day | Per hour | Per month | Per year |
|---|---|---|---|---|---|
| Induction Cooktop | 1,800 W | $0.32 | $9.72 | $118.26 | |
| Electric Stove (Radiant Cooktop) | 2,000 W | $0.36 | $10.80 | $131.40 |
Edit the hours to match your own use. Costs use the typical wattage of each appliance.
When the induction cooktop makes sense
- You cook daily and want the lowest running cost
- You boil water often
- You have children and want a cooler surface
When the electric stove (radiant cooktop) makes sense
- Your cookware is aluminium or copper and you do not want to replace it
- You cook rarely
- You are on a tight budget for the appliance itself
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