Gas Vs Electric Water Heater Cost Calculator

Water heater cost calculator.

Gas vs electric water heater cost calculator.

These units do not store hot water but rather heat it as needed which saves energy. Plus a gas heater costs less initially. 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. Suhre s gas co energy cost calculator.

The cost of water heated by electric is 100 per year more than gas. Compare to water heating. Base model has an efficiency that just meets the national minimum standard for gas and electric water heaters. Next you can adjust your current water heater s energy factor as well as the energy factor of your new water heater.

Average input ratings for a gas water heater range from around 30 000 to 180 000 btus depending on size. It includes the cost of purchase and installation the cost of operation and factors in things like the lifetime of the heater. An electric hot water heater ranges in costs from about 300 to 700 while a gas heater ranges from 400 to 800. 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.

The more btus the faster the unit will heat water. Btu kwh kwh electric dryer. Clothes dryer loads per week. Future electricity price trends and a discount rate of 3 2 are based on federal guidelines.

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

While the gas heater is 250 1 200. Btu kwh kwh electric range. Water heater cost types and storage. Lifetime energy cost is the sum of the discounted value of the annual energy costs based on assumed water heater life of 13 years.

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. 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. Use this calculator to compare natural gas versus other fuels and discover the environmental advantages of using natural gas in your home. The 40 50 gallon water heater with a tank is about 350 3 000.