Gas Vs Electric Hot Water Heater Cost

However you will have to take the cost of the electricity used to operate the heater into consideration.

Gas vs electric hot water heater cost.

After analyzing gas vs. An electric hot water heater ranges in costs from about 300 to 700 while a gas heater ranges from 400 to 800. Gas water heaters are less energy efficient than electric heaters but the cost of electricity itself makes the running costs of an electric heater higher. Installing a new heat pump water heater can cost about 4 000 8 000.

A tankless electric water heater has an average cost between 800 and 1 500 plus an additional 800 to 1 200 for installation. 0 09 per kwh for electricity is the federal average price in the u s. A gas water heater uses the heat from burning a fuel usually natural gas to heat water while an electric water heater uses electric resistance coils. Lifetime energy cost is the sum of the discounted value of the annual energy costs based on assumed water heater life of 13 years.

Can be put on a night rate electricity supply to get a cheaper rate. Future electricity price trends and a discount rate of 3 2 are based on federal guidelines. Cost of a gas hot water heater gas water heater costs also depend on whether it has a storage tank the unit s size and the difficulty of the installation. 0 93 per therm for gas is the federal average.

Very low running costs. Electric water heaters typically have a lower upfront cost than gas water heaters. In many cases using an electric water heater will result in higher utility costs as compared to using a gas water heater. Installation costs for an electric heater are 700 to 1 000 while the cost to install a gas heater ranges from 1 000 to 2 000 depending on whether you have an existing gas line and vent.

Heating water is the second largest expense in our homes according to the department of energy accounting for 14 to 18 of our utility bills. The higher the ef number. Water heater cost types and storage. Pros for heat pump water heaters.

A gas or electric water heater s energy factor ef is a measurement that compares the amount of hot water the heater produces per day to the amount of fuel it consumes. Electric water heater operating costs bluejay says that gas is almost always cheaper than electric assuming that you already have natural gas piped into your home. For a high quality unit you can expect to spend a minimum of 1 000. A gas water heater costs at least twice as much as an electric heater.

Gas water heaters typically cost about 30 a month to run while electric water heaters run closer to 42 a month depending on utility rates.