Tankless Water Heater Gas Vs Electric Cost

Gas and electric tankless water heaters run more efficiently than the conventional water heaters of the same fuel type.

Tankless water heater gas vs electric cost.

We rated the annual energy consumption cost excellent for a gas. The average cost for a tankless water heater installation is 1 985 or between 1 470 2 510 if your home needs to be rewired it can easily add 3 000 or more to the cost of installing a tankless water heater. Gas water heaters are expensive to purchase. A good sized electric tankless water heater goes for around 500.

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. Tankless water heater cost. Tankless water heaters cost around 2 3 times more than traditional storage tanks. Electric tankless water heaters are way cheaper than their gas fuelled competitors.

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. Proper venting is critical. 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. For a good sized gas fuelled tankless heater costs between 1000 and 1200.

1 comparison chart of electric vs gas tankless water heaters. This is almost 2 times the price of an electric tankless water heater. Installation can be complicated and expensive. 2 gas tankless water heater pros and cons.