Tankless Water Heater Gas Vs Electric Cost

With no need to vent the installation work is not as complicated.

Tankless water heater gas vs electric cost.

In general however statistics show that a gas water heat will cost around 30 month for the average home while an electric heater will cost you closer to 42. This is almost 2 times the price of an electric tankless water heater. Using a natural gas rate of 10 86 per 1 000 cubic feet we calculated that. Tankless water heaters pros.

Electric tankless water heater costs less expensive than gas electric models cost an average of 800 to 1 600 to install. For a high quality unit you can expect to spend a minimum of 1 000. However you will have to take the cost of the electricity used to operate the heater into consideration. According to home depot it costs between 2 044 to 5 898 with the average being 2 979 to have a tankless water heater installed accounting for the heater installation materials any.

A good sized electric tankless water heater goes for around 500. Electric tankless water heaters are way cheaper than their gas fuelled competitors. If your annual savings are 100 it would take 20 years the approximate lifespan of a tankless water heater to recoup the cost in energy savings. Electric models run consistently produce high energy ratings and are easier to maintain than gas.

Cost of a gas hot water heater. We factored in an installation cost of 1 250 for a gas tankless and slightly less 1 150 for an electric. A gas water heater costs at least twice as much as an electric heater. As far as initial cost is concerned a good quality whole house electric tankless water heater generally cost about 500 700 whereas a typical gas tankless water heater cost about 1 000 to 1 200 especially for units with an electronic ignition no pilot.

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 water heater with a storage tank has an average cost between 300 and 700 plus an additional 300 to 500 for installation. Compact tankless water heaters are small and compact. Let s say you spend 2 000 to purchase and install a tankless water heater.

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.