Gas Vs Electric Water Heater Cost Calculator

These units do not store hot water but rather heat it as needed which saves energy.

Gas vs electric water heater cost calculator. Water heater cost calculator. The more btus the faster the unit will heat water. Btu kwh kwh electric range. Next you can adjust your current water heater s energy factor as well as the energy factor of your new water heater.

Water heating whmmbtu gasfact number 1. Btu kwh kwh unit price should be figured by taking the total cost from your bill divided by the total units used this will include all taxes and fees. A tankless electric water heater has an average cost between 800 and 1 500 plus an additional 800 to 1 200 for installation. Average input ratings for a gas water heater range from around 30 000 to 180 000 btus depending on size.

Lifetime energy cost is the sum of the discounted value of the annual energy costs based on assumed water heater life of 13 years. Use this calculator to compare natural gas versus other fuels and discover the environmental advantages of using natural gas in your home. Suhre s gas co energy cost calculator. At the bottom of the calculator are more settings you can adjust for further accuracy such as the cold water intake temperature the water heater temperature and the cost of electricity.

The 40 50 gallon water heater with a tank is about 350 3 000. Compare to water heating. 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. The cost of water heated by electric is 100 per year more than gas.

We tell you what you need to know before buying an electric or gas storage tank water heater so you can pick the best option for your home. While the gas heater is 250 1 200. It allows comparison between your existing water heater and any number of electric or gas tanked or tankless water heaters. This app will help you decide which water heater to buy.

Cost of a gas hot water heater gas water heater costs also depend on whether it has a storage tank the unit s size and the difficulty of the installation. Future electricity price trends and a discount rate of 3 2 are based on federal guidelines. It includes the cost of purchase and installation the cost of operation and factors in things like the lifetime of the heater. 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.

Plus a gas heater costs less initially. Btu kwh kwh electric dryer. Water heater cost types and storage. Natural gas water heating.