Gas Vs Electric Hot Water Heater Cost

Very low running costs.

Gas vs electric hot water heater cost.

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. We tell you what you need to know before buying an electric or gas storage tank water heater so you can pick the best option for your home. Running costs for a heat pump water heater cost approximately 150 650 a year depending on the electricity rate and the average outdoor temperature. For a high quality unit you can expect to spend a minimum of 1 000.

Can be put on a night rate electricity supply to get a cheaper rate. 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. In many cases using an electric water heater will result in higher utility costs as compared to using a gas water heater.

Lifetime energy cost is the sum of the discounted value of the annual energy costs based on assumed water heater life of 13 years. 0 09 per kwh for electricity is the federal average price in the u s. 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. An electric hot water heater ranges in costs from about 300 to 700 while a gas heater ranges from 400 to 800.

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. Electric water heaters typically have a lower upfront cost than gas water heaters. Installing a new heat pump water heater can cost about 4 000 8 000. For a model with electronic ignition to remove the need for a pilot light you ll need to pay closer to 1 200.

A tankless electric water heater has an average cost between 800 and 1 500 plus an additional 800 to 1 200 for installation. A gas water heater costs at least twice as much as an electric heater. The higher the ef number. However you will have to take the cost of the electricity used to operate the heater into consideration.

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. 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. Water heater cost types and storage. 0 93 per therm for gas is the federal average.

Pros for heat pump water heaters.