- An electric water heater is the only way to go truly "net zero"
- You can power it with solar panels
- Your gas company might have a high fixed charge (e.g. I pay $20/mo just for the hookup)
- Routing gas lines & exhaust can get expensive and quickly wipe out fuel savings
- Cutting gas service completely eliminates combustion concerns. No worries about combustion air, no carbon monoxide, etc.
- Electric might still be the service of the future; electric appliances are a bet on renewables
Now, a tankless electric can also get expensive if you wind up needing to upgrade your electric service. Which is why I ultimately went from tanked gas to tanked electric.
Typically electricity are the worst in places where this is a meaningful benefit to consumers because the state usually has policies about sourcing its electricity that take environmental impact into account in such a way that price is driven through the roof.
Paying a premium for green energy is the best thing states can do to discourage conversion from fossil fuels to electric power.
Actually, the whole water heating business seems to be like this. All kinds of way better tech than an old fashioned 82 AFUE open flue tanked, at really minor cost increases, but the cost of water heating in the first place just isn't that terribly high.
In the end the most significant cost savings on my water heater replacement project, turned out to be the space heating savings from closing the old atmospheric vent & combustion air vent.
I ended up going with an electric heat pump hot water tank.
I do have natural gas service, but I'd rather put my money into assets (solar panels) than consumables (utility services).
Aren't these prohibitively expensive compared to natural gas?
(I've considered the same but I have gas service)