Water Heater Comparison

Compare tank, tankless, and heat pump water heaters. Compare costs, lifespan, pros and cons to find the best option for your project.

Gas Tank Water Heater

$800 - $1,500 installed

Lifespan: 8-12 years

Pros

  • Lowest upfront cost
  • Simple technology
  • Fast recovery

Cons

  • Standby heat loss
  • Takes up space
  • Can run out of hot water

Best for: Budget-conscious, homes with gas service

Electric Tank Water Heater

$600 - $1,200 installed

Lifespan: 10-15 years

Pros

  • Lowest install cost
  • No gas line needed
  • Simple operation

Cons

  • Higher operating cost
  • Slow recovery
  • Standby heat loss

Best for: Homes without gas, low upfront budget

Tankless Gas

$2,500 - $4,500 installed

Lifespan: 20+ years

Pros

  • Unlimited hot water
  • Space saving
  • Energy efficient

Cons

  • High upfront cost
  • May need gas line upgrade
  • Flow rate limits

Best for: Large families, efficiency priority, space-limited

Heat Pump Water Heater

$2,000 - $4,000 installed

Lifespan: 10-15 years

Pros

  • Most efficient electric
  • Lower operating cost
  • Tax credits available

Cons

  • Higher upfront cost
  • Needs warm air space
  • Slower recovery

Best for: Warm climates, garages/basements, efficiency priority

Which Option Is Right for You?

Gas Tank Water Heater

Budget-conscious, homes with gas service

Electric Tank Water Heater

Homes without gas, low upfront budget

Tankless Gas

Large families, efficiency priority, space-limited

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