Electric Hot Water Heater Cost To Run

Hot water cylinders tanks come in many shapes sizes and capacities ranging from 40 to over 400 litres in larger homes.

Electric hot water heater cost to run.

Future electricity price trends and a discount rate of 3 2 are based on federal guidelines. A 50 gallon 5 500 watt water heater with a 90 ef and an electricity rate of 16 per kilowatt hour will cost 781 to operate each year. Going by the examples given above where the electric heater costs 438 in fuel vs. 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.

Electricity tariffs are based on a general or peak rate of 31 9c kwh and an off peak rate of 20 9c kwh. Base model has an efficiency that just meets the national minimum standard for gas and electric water heaters. For gas instantaneous and gas boosted solar water heaters the running costs take the electricity use into account. If your current gas line needs to be extended or you do not have a gas line expect to pay more for the cost of that labor.

It has a higher recovery time and is cheap to heat water in the long run. An electric hot water heater ranges in costs from about 300 to 700 while a gas heater ranges from 400 to 800. Generally speaking a gas water heater will cost less per month than an electric model since natural gas prices tend to be lower than the cost of electricity. Both water heater systems are good but if you are looking for better efficiency then a gas hot water system has better efficiency.

Water heater operating cost comparison tank technology fuel type energy source uef uniform energy factor annual operating costs standard 50 gallon gas storage tank natural gas 0 60 309 standard 50 gallon gas storage tank propane 0 60 745 standard 50 gallon electric storage tank electricity 0 95 626 tankless technology fuel type energy source uef uniform energy factor annual operating. Most water heaters include a label listing the annual. Hot water immersion heater elements are usually rated at 3 or 6 kilowatts kw. Figuring out the annual operating cost of a water heater involves consideration of the heater s efficiency and the cost of the fuel needed to run it.

A gas water heater with a tank has an average cost between 400 and 1 000 for the unit and between 500 and 700 for installation. Electric water heater operation costs. A tankless gas water heater has an average cost between 800 and 2 000 for the unit and between 1 000 and 1 500 for installation. Electric immersion water heater running costs calculator.

Which costs more in the long run. 224 for gas you would save 214 per year using gas although the exact numbers you see would depend on all the other variables in play such as the. The electric water heating system will cost you more in the long run.