
Originally Posted by
nukeman
It depends where you live.
Around here, it looks like gas runs $1.2177 per 100CCF (for the first 50CCF)
100CCF ~ 100,000BTU = 29.3kwh
This works out to about $0.042/kwh. The efficiency of a typical gas WH is not great (say 60% or so). Electric is more like 92%. To compare apples to apples, take the gas rate and multiply by ratio of the efficiencies:
0.042*(.92/.60) = $0.064/kwh
This is still pretty good. The gas company here does also charge about $12.25/month for service. Not a big deal if you run everything on gas, but might be a deal breaker if you are only running say a furnace (couple months/year) or a single smaller gas device (like a WH) that runs all year.
Electricity here is below average. It was about 0.074/kwh and recently moved to about 0.082/kwh. Although the rate for gas is still less, you would have a hard time making up the gas service charge assuming the WH was your only gas appliance.
So basically, it just depends. If you already have gas and a vent line (or have easy access to run a new one), a gas WH of some type will probably be best. If you are somewhere where electricity is cheap and gas is a bit high, then electric can be a good choice. The hybrid WH work best in heating dominated climates since it pulls heat out of your house and puts it into the water.
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