At present a natural gas tankless water heater is about 10 15 cheaper to operate than an electric tankless heater.
Compare gas and electric tankless water heaters.
This is almost 2 times the price of an electric tankless water heater.
For a good sized gas fuelled tankless heater costs between 1000 and 1200.
Similarly electric heaters can have higher energy factor ratings than gas heaters.
A gas water heater uses the heat from burning a fuel usually natural gas to heat water while an electric water heater uses electric resistance coils.
Smarthomeradar recently tested several electric and gas whole home tankless water heaters from brands such as bosch navien noritz rheem rinnai tempra and trutankless.
This is due to the way that the heaters operate.
A gas heater must vent the spent gas which also takes some of the heat with it.
A good sized electric tankless water heater goes for around 500.
While gas hot water heaters cost less to run due to the lower cost of natural gas electric heaters are actually more efficient.
Electric water heaters tend to have at least 98 thermal efficiency many are 99 percent or more.
However it is not as simple as comparing the cost of operating an electric and gas tankless water heater based on today s energy prices.
Top electric and gas heaters on the market.
In comparison gas heaters usually have between 80 and 85 percent.
All this can offset the higher cost of electric power to some extent.
Review of the best tankless water heaters 2020.