Gas Water Heater Vs Electric Water Heater Cost. Electric water heaters typically have a lower upfront cost than gas water heaters. After analyzing gas vs.
Energy efficient electric water heaters could cost more than their gas counterparts initially. A gas water heater costs at least twice as much as an electric heater. 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.
In many cases using an electric water heater will result in higher utility costs as compared to using a gas water heater.
In order to have an electric water heater installed a onetime conversion fee must be factored in. 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. In order to make the right choice and avoid any additional costs make sure you look at prices when you re evaluating electric vs. This fee covers the cost to install a dedicated electrical wire and breaker for the new electric water heater and also to have the gas line and vent capped off from the old gas water heater.