Gas Vs Electric Tankless Water Heater Cost

Electric models run consistently produce high energy ratings and are easier to maintain than gas.

Gas vs electric tankless water heater cost.

An electric water heater with a storage tank has an average cost between 300 and 700 plus an additional 300 to 500 for installation. Using a natural gas rate of 10 86 per 1 000 cubic feet we calculated that. With no need to vent the installation work is not as complicated. However gas water heaters operate using either natural gas or propane.

Gas water heaters tend. The actual cost of a gas water heater is similar to an electric water heater. A tankless electric water heater has an average cost between 800 and 1 500 plus an additional 800 to 1 200 for installation. Compact tankless water heaters are small and compact.

For a high quality unit you can expect to spend a minimum of 1 000. For a good sized gas fuelled tankless heater costs between 1000 and 1200. This is almost 2 times the price of an electric tankless water heater. We factored in an installation cost of 1 250 for a gas tankless and slightly less 1 150 for an electric.

0 93 per therm for gas 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. An electric hot water heater ranges in costs from about 300 to 700 while a gas heater ranges from 400 to 800. Cost of a gas hot water heater.

Electric tankless water heater costs less expensive than gas electric models cost an average of 800 to 1 600 to install. Tankless water heaters pros. Utility costs may vary. For a model with electronic ignition to remove the need for a pilot light you ll need to pay closer to 1 200.

Let s say you spend 2 000 to purchase and install a tankless water heater. 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. Hot water usage estimates. A good sized electric tankless water heater goes for around 500.

Running your water heater on gas is typically cheaper than using electricity note. 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.