The importance of water heaters often goes unnoticed until there is a fix or repair needed. If you are replacing your water heater and looking to buy a new one, it is best to consider the long-term cost of water heaters.
This article will look at the gas water heater cost per month. In addition to that, it will also mention other factors that will influence your monthly gas water heater bill. This information will provide you with a better picture of whether buying one of the best 50-gallon gas water heaters is the right choice for you or not.
Monthly Cost of a Gas Water Heater
On average, the monthly costs associated with running a gas water heater is around $32. The cost can vary for each household. Multiple factors have an impact on this cost. For example, it depends on where you live and if gas is readily available to you. This, as a result, impacts the price of gas per unit that you will receive. Moreover, the gas water heater cost also depends on how much hot water you use and what temperature you set it to.
How to Calculate Cost per Month
You can use a simple formula to calculate the monthly cost of running a gas water heater. All you have to do is multiply therms your heater uses per hour with the number of hours it's on for a day and the price per therm.
For example, if you pay $1 per therm, keep your gas water heater on for 4 hours each day, and your water heater consumes 0.205 therms per hour, your total cost will come out to be $0.82 per day. Thus, your gas water heater’s cost per month will be $24.6.
You can also calculate your gas water heater cost per month by using the energy cost calculator provided by Energy.Gov.
Final Thoughts
Typically, a gas water heater’s running cost per month is much less than that of other water heaters, such as electric water heaters. However, that is not the only factor you must take into consideration. The buying cost of a gas water heater is higher than other water heaters. So are the installation and maintenance costs. In some regions, the cost of gas per unit is high, and if you don't already have a gas line installed, that would cost you a lot.
Consequently, it might take longer to realize the cost-saving potential of these heaters for some households. However, if you already have a gas line and gas does not cost a lot in your region, then a gas water heater is ideal for you. Since they last up to 15 years, there will be considerable cost savings provided that you maintain it well.
