If you’re looking to install a new water heater, one of your biggest concerns might be the cost. Should you go with an electric water heater, or choose gas instead? How do the costs of each compare? Which is more affordable? Both electric and gas water heaters have pros and cons. In this post, we’re going to compare the cost of operation for each type.
Initial Installation
More Affordable – Electric
The price of your unit will vary by size or model, but in general, electric water heaters have a lower upfront cost than gas. Electric water heaters are typically cheaper to buy and are easier to install. A gas water heater will require a gas utility line, and this can be expensive to incorporate if your home doesn’t already have one, whereas nearly all homes have electricity.
The cost of installation can also vary depending on the size of the unit and the location where it will be installed in the home, among other factors. Unless you have extensive knowledge of how to install your water heater, this is a job you should leave to the professionals. At best, an improperly installed water heater won’t function adequately or could cause damage to your home, and at worst will be downright dangerous. Electric water heaters are usually cheaper and easier to install.
Overall Cost of Operation
More Affordable – Gas
Which type of water heater will result in lower monthly utility bills? The answer is usually gas. Currently, gas water heaters are less expensive to operate in the long term and you’ll save on your energy bills with a gas water heater. This is in spite of the fact that electric water heaters are more energy efficient, produce less emissions, and are more environmentally friendly. However, there are also some high-energy-efficient gas water heaters available that come with an Energy Star label.
Remember that the cost of natural gas and electricity will vary by region and can fluctuate over time. To make the most informed choice, you’ll need to research and compare the prices in your area.
Lifespan
Winner – Electric
The lifespan of your unit will affect its affordability. Replacing your water heater is costly, and the more often it needs replacing, the greater the cost you in the long run. An electric water heater may last a few years longer than a gas unit. No matter the type, proper care and maintenance will help prolong the life of your water heater.
An electric water heater will typically last anywhere from 10-15 years. A gas water heater may last anywhere from 8-12 years before needing to be replaced.
Affordability is often the biggest concern when choosing a new water heater for your home. Should you choose electric or gas? Which will save you more in the long run? In general, gas water heaters are more cost-efficient to run overall, although they are more expensive initially, and may need to be replaced more often. The right choice for you will depend on your unique situation.
If your hot water tank needs replacing or you’re interested in a quote, don’t hesitate to contact us at Lynn’s Winnipeg today!
Greetings, I’m Dallas. I’m a small business owner living in Winnipeg, MB, Canada and operate Lynn’s HVAC Winnipeg: Heating Cooling Sewer & Drain.
Lynn’s HVAC Winnipeg plumbing, heating, cooling is a small family owned and operated business since 1980. We pride ourselves on quality work completed by licensed technicians. We believe our outstanding customer service sets us apart from other Winnipeg residential plumbing, heating and cooling companies. Experience the difference and be a part of the Lynn’s family! “We provide comfort at your door!”
Services we provide:
– HVAC repair, – AC repair & install, – Furnace repair & install, – Hot water tanks, – Water heaters, – Clogged drains & sewage, – Plumbing
Areas we serve:
Winnipeg, Oakbank, Beausejour, La Salle, Ile Des Chênes, Stonewall, Niverville, Gimli, Ste. Francois Xavier, Landmark, Selkirk, Steinbach, Stony Mountain, Winnipeg Beach, Lorette & More!
