How Much Does Gas Water Heater Cost To Run

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.

How much does gas water heater cost to run. These units do not store hot water but rather heat it as needed which saves energy. Installing a water heater costs 804 and 1 548 or an average of 1 162 including the unit and labor tankless heaters cost about 1 000 to 3 000. For gas instantaneous and gas boosted solar water heaters the running costs take the electricity use into account. Gas heaters are also historically less expensive than electric heaters to run.

Generally speaking a gas water heater will cost less per month than an electric model since natural gas prices tend to be lower than the cost of electricity. Water heater numbers are based on 40 gallon models with a 0 63 ef rating using 40 000 btu hr and based on the u s. 0 61 gas energy cost 0 06 per kwh 60 per therm. Consider both the purchase price and the long term costs of water heating options.

Electricity tariffs are based on a general or peak rate of 31 9c kwh and an off peak rate of 20 9c kwh. Plus a gas heater costs less initially. The 40 50 gallon water heater with a tank is about 350 3 000. Going by the examples given above where the electric heater costs 438 in fuel vs.

Based on fuel rates as of december 2018. The comparison assumes a storage tank water heater as the input type. Quantity of water heaters to be purchased unit s 1 unit see assumptions for various daily water use totals. Department of energy s doe national average of 64 gallons of hot water use daily.

Annual energy costs are based on a melbourne household with the stated average daily hot water use. This makes the total cost for a 40 gallon electric hot water heater between 1000 and 1 700 with the total costs of a 40 gallon gas hot water heater. Water heater installation cost. Heat pumps cost about 3600 00 and gas heaters are in the 2300 00 2900 00 range fully installed.

A natural gas water heater saves you approximately 180 a year compared to electric. While the gas heater is 250 1 200. If you want to get into the spa quicker a gas heater would be a better choice. Natural gas 0 36 per m 3 electricity 0 11 per kwh.

You can achieve even more savings by not running the lamp all night long or by only running it some nights. A heat pump will take much longer to heat and is not as efficient as the gas heater in regards to heating time. Compare natural gas water heating costs to electricity for your area. Water heaters cost 300 to 2 000 for the unit alone while plumber labor runs 45 to 150 per hour the length of the job averages 2 to 3 hours.