The answer to the age-old question of “gas water heater versus electric water heater” is not a cut-and-dry, black-and-white one. Gas water heaters cost a bit more up front, but could save you money over time depending on your hydro use rates versus the cost of gas at your home. Also a lot of this depends on what type of power source your home is already equipped for. If you only have electric in your home, for example, you’re probably better off sticking with an electric water heater, rather than paying for the addition of gas lines and ancillary equipment to support a gas water heater. If you already have a gas hookup, it could be worth your while to spend a bit more up front on the water and use gas to run your hot water rather than go with an electric water heater.