Natural gas water heaters typically use less energy and cost less to run by about half than electric water heaters although you should note that gas models cost more at the time of purchase.
Comparison of gas and electric water heaters.
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.
A gas or electric water heater s energy factor ef is a measurement that.
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.
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.
Similarly electric heaters can have higher energy factor ratings than gas heaters.
However it is not as simple as comparing the cost of operating an electric and gas tankless water heater based on today s energy prices.
All this can offset the higher cost of electric power to some extent.
Electric water heaters have a lower price upfront when compared with gas water heaters.
A tankless electric heater is generally cheaper than a propane tankless heater.
Electric water heaters particularly electric heat pump water heaters can have higher ef ratings than gas water heaters.
Propane gas water heaters pros.
At present a natural gas tankless water heater is about 10 15 cheaper to operate than an electric tankless heater.
Gas water heaters also have a much faster recovery rate which makes them a convenient option for larger families.
Cost of a gas hot water heater.
Electric water heaters are favored by people looking for low upfront costs and households that aren t set up with natural gas.
Power vent models need electricity to operate.
In comparison gas heaters usually have between 80 and 85 percent.
A tankless electric water heater has an average cost between 800 and 1 500 plus an additional 800 to 1 200 for installation.
Electric water heaters tend to have at least 98 thermal efficiency many are 99 percent or more.
An electric hot water heater ranges in costs from about 300to 700while a gas heater ranges from 400to 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.