In a world where every cent counts and value for money reigns supreme it is always best to weigh in the pros and cons of big purchases for your home. Inclusive is your water heating. Whether you choose gas or electric you need to feel confident that it is the right choice for such an investment in your home.
We have narrowed the pros and cons down for you to hopefully make this decision easy, so you don’t have to worry any longer!
Most Cost Effective – Gas
In terms of prices for the unit, an electric heater is more affordable and there are more options available to choose from however gas heaters are more efficient and saves you in the long run.
Gas as it stands sits around 40% of the cost of electricity which makes it the more affordable option. A gas unit may cost more upfront but within a year or two of running your gas hot water heater you will find that you will make that back with the savings of running gas vs electric.
Which Lasts Longer – Electric
Electric water heaters last slightly longer by about two or three years due to their cleaner operation.
For both gas and electric, tank water heaters last between 10-13 years with tankless lasting longer at about 20 years. An electric heat pump water heat lasts around 12-15 years.
Most Energy Efficient – Gas
It is estimated that hot water uses around 25% of your daily household energy consumption. In an ideal world Solar power would be the perfect solution to this problem. Second to solar would be gas. Electric water heaters are slower to heat water and can also be susceptible to power outages.
Appearance – Gas
A key advantage of a tankless gas hot water heater is its compact size which is the size of a small suitcase. Storage tank hot water heaters are large, especially the electric off-peak models. With lot sizes becoming smaller this could really bring down the appearance of your home and value of your property.
We hope this has shed some light on the pros and cons of each water heating method for you, if you are looking to install or replace a hot water heater please give our friendly team a call on 0421 572 008 and we would be more than happy to go through this with you!