Tankless Water Heater Gas Vs Electric Cost

Let s say you spend 2 000 to purchase and install a tankless water heater.

Tankless water heater gas vs electric cost.

We factored in an installation cost of 1 250 for a gas tankless and slightly less 1 150 for an electric. A gas water heater costs at least twice as much as an electric heater. For a good sized gas fuelled tankless heater costs between 1000 and 1200. Using a natural gas rate of 10 86 per 1 000 cubic feet we calculated that.

Compact tankless water heaters are small and compact. Tankless water heaters pros. Gas tankless water heater producers offer both natural gas and propane versions of heaters with roughly the same specifications. For a high quality unit you can expect to spend a minimum of 1 000.

With no need to vent the installation work is not as complicated. 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. For a model with electronic ignition to remove the need for a pilot light you ll need to pay closer to 1 200. A tankless electric water heater has an average cost between 800 and 1 500 plus an additional 800 to 1 200 for installation.

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. An electric hot water heater ranges in costs from about 300 to 700 while a gas heater ranges from 400 to 800. An electric water heater with a storage tank has an average cost between 300 and 700 plus an additional 300 to 500 for installation. 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.

Cost of a gas hot water heater. A good sized electric tankless water heater goes for around 500. From the viewpoint of cost optimization natural gas is usually a better choice because the cost of propane is usually twice that of natural gas. Electric tankless water heater costs less expensive than gas electric models cost an average of 800 to 1 600 to install.

This is almost 2 times the price of an electric tankless water heater.