Operating Cost Comparison Gas Vs Electric Water Heater

The comparison assumes a storage tank water heater as the input type.

Operating cost comparison gas vs electric water heater. According to energy gov an electric heat pump water heater might have lower energy costs because of its higher efficiency than a gas fired conventional storage water heater even though local natural gas costs might be lower than the electricity rates. After analyzing gas vs. For example a brand new electric oven will generally cost anywhere from 700 to 1 500 while a gas oven will set you back between 900 and 2 000. Quantity of water heaters to be purchased unit s 1 unit see assumptions for various daily water use totals.

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. 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. Gas water heaters also have a much faster recovery rate which makes them a convenient option for larger families. 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.

An electric water heater with a storage tank has an average cost between 300 and 700 plus an additional 300 to 500 for installation. An electric hot water heater ranges in costs from about 300to 700while a gas heater ranges from 400to 800. To allow demand water heaters as the comparison type users can specify an input ef of. While gas appliances are cheaper to run they are generally more expensive to purchase in the first place.

The cost of a water heater varies depending mainly on how big. Though electric heaters typically have lower upfront costs than gas models they cost more to operate in most places. 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. Gas water heaters tend to have higher initial costs than comparable electric water heaters but can also cost less to operate.

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. One of these types might be worth considering if you use a large volume of hot water but you should realize that it will take most homeowners 8 12 years to recoup the higher equipment cost through lower utility bills. However ultra high efficiency gas water heaters and heat pump hybrid electric water heaters are available both with much higher equipment costs but lower operating costs.