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Gas hot water tanks are the most common option in Calgary. They typically cost more to purchase and install when compared to electric hot water tanks, but usually have slightly lower operating costs. With low natural gas prices in Alberta, gas hot water tanks will likely be more economical over the long run.
The primary benefit of gas hot water tanks is that you’ll still have hot water in the event of power outages. Gas tanks must be vented to the outside, which adds to installation costs.