Tankless Water Heater Gas Vs Electric Cost

A tankless electric water heater has an average cost between 800 and 1 500 plus an additional 800 to 1 200 for installation.

Tankless water heater gas vs electric cost.

An electric hot water heater ranges in costs from about 300 to 700 while a gas heater ranges from 400 to 800. Electric tankless water heater costs less expensive than gas electric models cost an average of 800 to 1 600 to install. Compact tankless water heaters are small and compact. 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.

With no need to vent the installation work is not as complicated. For a model with electronic ignition to remove the need for a pilot light you ll need to pay closer to 1 200. Using a natural gas rate of 10 86 per 1 000 cubic feet we calculated that. In many cases using an electric water heater will result in higher utility costs as compared to using a gas water heater.

Electric water heaters typically have a lower upfront cost than gas water heaters. We factored in an installation cost of 1 250 for a gas tankless and slightly less 1 150 for an electric. 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. Let s say you spend 2 000 to purchase and install a tankless water heater.

Cost of a gas hot water heater. Electric tankless water heaters are way cheaper than their gas fuelled competitors. A gas water heater costs at least twice as much as an electric heater. For a high quality unit you can expect to spend a minimum of 1 000.

This is almost 2 times the price of an electric tankless water heater. Tankless water heaters pros. For a good sized gas fuelled tankless heater costs between 1000 and 1200. 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 good sized electric tankless water heater goes for around 500. As far as initial cost is concerned a good quality whole house electric tankless water heater generally cost about 500 700 whereas a typical gas tankless water heater cost about 1 000 to 1 200 especially for units with an electronic ignition no pilot.