Gas Vs Electric Water Heater Cost Calculator

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Gas vs electric water heater cost calculator. Btu kwh kwh electric dryer. 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. Water heater cost types and storage.

The cost of water heated by electric is 100 per year more than gas. Average input ratings for a gas water heater range from around 30 000 to 180 000 btus depending on size. 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. Btu kwh kwh electric range.

Plus a gas heater costs less initially. This app will help you decide which water heater to buy. 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.

A tankless electric water heater has an average cost between 800 and 1 500 plus an additional 800 to 1 200 for installation. The more btus the faster the unit will heat water. These units do not store hot water but rather heat it as needed which saves energy. Lifetime energy cost is the sum of the discounted value of the annual energy costs based on assumed water heater life of 13 years.

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. Base model has an efficiency that just meets the national minimum standard for gas and electric water heaters. Compare to water heating. Next you can adjust your current water heater s energy factor as well as the energy factor of your new water 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. An electric hot water heater ranges in costs from about 300 to 700 while a gas heater ranges from 400 to 800. Use this calculator to compare natural gas versus other fuels and discover the environmental advantages of using natural gas in your home. It allows comparison between your existing water heater and any number of electric or gas tanked or tankless water heaters.

Water heater cost calculator. 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. Natural gas water heating. Water heating whmmbtu gasfact number 1.