Which Is Cheaper To Operate Gas Or Electric Tankless Water Heater

For a high quality unit you can expect to spend a minimum of 1 000.

Which is cheaper to operate gas or electric tankless water heater. They price range you re looking at is between 500 and 900. The cost of a water heater varies depending mainly on how big. Banta says it s worth noting that while gas water heaters are less expensive to operate. For a model with electronic ignition to remove the need for a pilot light you ll need to pay closer to 1 200.

They can reach ef of 0 98 while gas powered ones reach ef of 0 9. However gas water heaters operate using either natural gas or propane. An electric water heater with a storage tank has an average cost between 300 and 700 plus an additional 300 to 500 for installation. A gas tankless water heater natural gas is only marginally cheaper to operate than an electric tankless water heater due to the exceptionally high thermal efficiencies of the electric units 99.

Though electric heaters typically have lower upfront costs than gas models they cost more to operate in most places. 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. After analyzing gas vs. Electric tankless heaters are more affordable.

When original product cost and installation cost are taken into account and amortized over 20 years the total cost of water heating is very similar between the two energy sources. When deciding which water heater is better for you you will need to decide if your bank account can handle the initial cost of the tankless water heater because it will save you more money over time. Utility costs may vary. Using the same rates above the annual operating cost is 195 for a gas tankless and 535 for an electric.

Gas water heater the actual cost of a gas water heater is similar to an electric water heater. However if that option is not possible for you then a storage tank heater might make more sense for your budget. Electric tankless water heaters are on average more efficient. Fuel prices fluctuate but currently the price of gas is lower than electricity.

Prices of natural gas and propane are usually lower than the price of electricity. A gas water heater costs at least twice as much as an electric heater. Because of this gas tankless units are less expensive to operate. Gas water heaters tend to have higher initial costs than comparable electric water heaters but can also cost less to operate.