Electric water heaters tend to have at least 98 thermal efficiency many are 99 percent or more.
Compare gas and electric tankless water heaters.
This is due to the way that the heaters operate.
Electric tankless water heaters are way cheaper than their gas fuelled competitors.
In comparison gas heaters usually have between 80 and 85 percent.
A gas heater must vent the spent gas which also takes some of the heat with it.
This is almost 2 times the price of an electric tankless water heater.
Review of the best tankless water heaters 2020.
Smarthomeradar recently tested several electric and gas whole home tankless water heaters from brands such as bosch navien noritz rheem rinnai tempra and trutankless.
All this can offset the higher cost of electric power to some extent.
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.
Gas water heaters are less energy efficient than electric heaters but the cost of electricity itself makes the running costs of an electric heater higher.
A tankless electric heater is generally cheaper than a propane tankless heater.
At present a natural gas tankless water heater is about 10 15 cheaper to operate than an electric tankless heater.
A good sized electric tankless water heater goes for around 500.
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.