Gas Vs Electric Hot Water Heater Cost

In many cases using an electric water heater will result in higher utility costs as compared to using a gas water heater.

Gas vs electric hot water heater cost.

Future electricity price trends and a discount rate of 3 2 are based on federal guidelines. A gas or electric water heater s energy factor ef is a measurement that compares the amount of hot water the heater produces per day to the amount of fuel it consumes. Water heater cost types and storage. 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.

Electric water heaters typically have a lower upfront cost than gas water heaters. Heating water is the second largest expense in our homes according to the department of energy accounting for 14 to 18 of our utility bills. 0 93 per therm for gas is the federal average. Lifetime energy cost is the sum of the discounted value of the annual energy costs based on assumed water heater life of 13 years.

However you will have to take the cost of the electricity used to operate the heater into consideration. 0 09 per kwh for electricity is the federal average price in the u s. 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. Installation costs for an electric heater are 700 to 1 000 while the cost to install a gas heater ranges from 1 000 to 2 000 depending on whether you have an existing gas line and vent.