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It’s not a straightforward answer, and there are many contributing factors to determining the best water heater.

Gas water heaters are typically less expensive to operate, but they cost more to purchase and install than electric water heaters. However, gas water heaters are more efficient, which means the first year typically evens out the difference.

While natural gas is often readily available, many rural homes don’t have access to natural gas, propane deliveries, etc. Electric water heaters have an advantage in these areas because practically every home has readily available electricity.

If you’re considering a high-efficiency storage tank water heater, which is available in both gas and electric models, then the difference between the two is negligible.

Properly maintained standard tank water heaters can provide reliable operation for eight to 12 years, while tankless units can last for 15 to 20 years.

Water heater life span depends on the make and model and the homeowner’s attention to prompt repairs and regular service.

Tankless systems heat only the water you need when you want it. Also called “on-demand” systems, tankless water heaters are more energy-efficient and cost-effective. They also have a considerably lower carbon footprint.

Even if you exceed your tankless water heater’s capacity, you’ll get lukewarm water instead of a burst of cold water.