Tankless Water Heater Gas Vs Electric Cost

Electric tankless water heaters are way cheaper than their gas fuelled competitors.

Tankless water heater gas vs electric cost.

For a model with electronic ignition to remove the need for a pilot light you ll need to pay closer to 1 200. 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. An electric hot water heater ranges in costs from about 300 to 700 while a gas heater ranges from 400 to 800. Electric tankless heaters tend to be much smaller and more limited in terms of flow.

Cost of a gas hot water heater. Using a natural gas rate of 10 86 per 1 000 cubic feet we calculated that. This is almost 2 times the price of an electric tankless water heater. We factored in an installation cost of 1 250 for a gas tankless and slightly less 1 150 for an electric.

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. For a good sized gas fuelled tankless heater costs between 1000 and 1200. For a high quality unit you can expect to spend a minimum of 1 000.

A gas water heater costs at least twice as much as an electric heater.