Gas Vs Electric Hot Water Heater Cost

For a model with electronic ignition to remove the need for a pilot light you ll need to pay closer to 1 200.

Gas vs electric hot water heater cost.

Lifetime energy cost is the sum of the discounted value of the annual energy costs based on assumed water heater life of 13 years. Future electricity price trends and a discount rate of 3 2 are based on federal guidelines. Water heater cost types and storage. 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.

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. However you will have to take the cost of the electricity used to operate the heater into consideration. Installing a new heat pump water heater can cost about 4 000 8 000. Electric water heaters typically have a lower upfront cost than gas water heaters.

After analyzing gas vs. 0 09 per kwh for electricity is the federal average price in the u s. A gas water heater costs at least twice as much as an electric heater. 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. 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. Very low running costs. 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.

In many cases using an electric water heater will result in higher utility costs as compared to using a gas water heater. 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. 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. 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.

The higher the ef number. Can be put on a night rate electricity supply to get a cheaper rate. Pros for heat pump water heaters. A tankless electric water heater has an average cost between 800 and 1 500 plus an additional 800 to 1 200 for installation.

An electric hot water heater ranges in costs from about 300 to 700 while a gas heater ranges from 400 to 800.