Gas Vs Electric Hot Water Heater Cost

Very low running costs.

Gas vs electric hot water heater cost.

Water heater cost types and storage. 0 93 per therm for gas is the federal average. Pros for heat pump water heaters. For a model with electronic ignition to remove the need for a pilot light you ll need to pay closer to 1 200.

Electric water heaters typically have a lower upfront cost than gas water heaters. An electric hot water heater ranges in costs from about 300 to 700 while a gas heater ranges from 400 to 800. The higher the ef number. 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.

0 09 per kwh for electricity is the federal average price in the u s. Future electricity price trends and a discount rate of 3 2 are based on federal guidelines. Lifetime energy cost is the sum of the discounted value of the annual energy costs based on assumed water heater life of 13 years. 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.

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. 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. After analyzing gas vs. 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.

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. For a high quality unit you can expect to spend a minimum of 1 000. Installing a new heat pump water heater can cost about 4 000 8 000. However you will have to take the cost of the electricity used to operate the heater into consideration.

Running costs for a heat pump water heater cost approximately 150 650 a year depending on the electricity rate and the average outdoor temperature. 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. 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.

Can be put on a night rate electricity supply to get a cheaper rate.