Gas water heaters have long been recognized as the most energy efficient of all water heater models. Their heating capacity is twice that of electric water heaters, while the heating cost is half that of electric models. Gas can power both storage type, as well as tankless water heaters. Gas tankless water heaters in fact, are considered to be the most energy efficient of on demand water heater types. They also offer a greater pressure of water, making them suitable for large households where there is greater need for water.
In recent years, the federal government has also introduced tougher energy standards which have increased the energy efficiency of gas water heaters> by up to 10%. This makes these models now even more desirable to home owners who are looking for a way to cut their energy bills. The cost of purchasing and installing a gas water heater is much higher than that of an electric water heater. Typically, an electric model can cost between $500 to $700, while a gas water heater can cost $1000 or more. The cost of installation is also higher because it involves complex venting and combustion specifications.
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