Gas Vs Electric Water Heater Cost Calculator

Gas water heaters average in cost from around 400 to as high as 2 000 not including labor fees.

Gas vs electric water heater cost calculator.

The cost of a water heater varies depending mainly on how big. The cost of water heated by electric is 100 per year more than gas. Plus a gas heater costs less initially. The 40 50 gallon water heater with a tank is about 350 3 000.

Installation typically costs about as much as the water heater. This calculator is only intented to give you a rough estimate. These units do not store hot water but rather heat it as needed which saves energy. Average daily usage gallons per day gallons.

Electric water heaters range in cost as little as 300 to as much as 1 500 not including installation costs. Lifetime energy cost is the sum of the discounted value of the annual energy costs based on assumed water heater life of 13 years. The calculation is based on a for charlotte and sarasota county typical cold water intake temperature of f a water heater temperature of f and on an electricity cost of cents kwh. 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. 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. Installation costs add 700 to 2 000. To install a gas water heater it will cost between 1 000 and 3 000 whereas an electric water heater will cost 620 to 1 020 if you hire a professional to do it.

300 to 600 for gas. Quantity of water heaters to be purchased unit s 1 unit see assumptions for various daily water use totals. The comparison assumes a storage tank water heater as the input type. 250 to 500 for electric.

64 energy factor 0 92 electric 0 61 gas energy cost 0 06 per kwh 60 per therm. 0 5 x 0 12 0 06 so your heater will cost 6 cents per hour to run bear in mind that if you re running a heater with a thermostat it s not going to be running permanently for the entire hour it will kick in whenever the room drops below the desired temperature so 6 cents per hour is if your heater is running continuously. Base model has an efficiency that just meets the national minimum standard for gas and electric water heaters. They also cost more upfront than an electric.

This is often the unseen cost of a water heater since very few people calculate it as part of the purchase price.