Gas Vs Electric Hot Water Heater Cost

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

Gas vs electric hot water heater cost. Running costs for a heat pump water heater cost approximately 150 650 a year depending on the electricity rate and the average outdoor temperature. Water heater cost types and storage. Pros for heat pump water heaters. Very low running costs.

Electric costs homeowners often ask if a gas water heater or an electric unit is more cost efficient. An electric hot water heater ranges in costs from about 300 to 700 while a gas heater ranges from 400 to 800. While gas models are less expensive to operate they do require an existing natural gas line. 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.

0 93 per therm for gas is the federal average. The price tag of an electric water heater is usually lower but it can be more costly to operate. 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. 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. 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. 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. 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.

Installing a new heat pump water heater can cost about 4 000 8 000. 0 09 per kwh for electricity is the federal average price in the u s. Can be put on a night rate electricity supply to get a cheaper rate. 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.

The higher the ef number. The answer depends on your home. 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. After analyzing gas vs.

A tankless electric water heater has an average cost between 800 and 1 500 plus an additional 800 to 1 200 for installation. 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.