Tankless Water Heater Gas Vs Electric Cost

Electric water heaters typically have a lower upfront cost than gas water heaters.

Tankless water heater gas vs electric cost. Electric tankless water heaters are way cheaper than their gas fuelled competitors. However you will have to take the cost of the electricity used to operate the heater into consideration. We factored in an installation cost of 1 250 for a gas tankless and slightly less 1 150 for an electric. A tankless electric water heater has an average cost between 800 and 1 500 plus an additional 800 to 1 200 for installation.

A gas water heater costs at least twice as much as an electric heater. Electric models run consistently produce high energy ratings and are easier to maintain than gas. Electric tankless water heater costs less expensive than gas electric models cost an average of 800 to 1 600 to install. An electric hot water heater ranges in costs from about 300 to 700 while a gas heater ranges from 400 to 800.

This is almost 2 times the price of an electric tankless water heater. For a high quality unit you can expect to spend a minimum of 1 000. 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. Using a natural gas rate of 10 86 per 1 000 cubic feet we calculated that.

A good sized electric tankless water heater goes for around 500. For a model with electronic ignition to remove the need for a pilot light you ll need to pay closer to 1 200. With no need to vent the installation work is not as complicated. Tankless water heaters pros.

In many cases using an electric water heater will result in higher utility costs as compared to using a gas water heater. An electric water heater with a storage tank has an average cost between 300 and 700 plus an additional 300 to 500 for installation. 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. 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.

Compact tankless water heaters are small and compact. Cost of a gas hot water heater.