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Gas water heaters pose higher risk of explosion. Water heater explosions can be devastating, but they are surprisingly rare. While water heaters account for 11% of home fires, they rarely explode. According to the US Consumer Product Safety Commission, there are around 40 reported cases of water heater explosions every year in the United States. Some of these explosions have been reported in Russia, Illinois, and Alaska. Regardless of the cause, there are some common warning signs to keep an eye out for.

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A basic installation will cost around $3,540. Solar water heaters are a more complicated option than solar electric systems, and the style of collector you choose can affect the final price. Typically, an 80-gallon tank will cost around $1,500. Additional plumbing and switches to control the system will add another $500 to $1,500 to the cost. Depending on the number of solar panels, a backup heater can cost over $1,500.
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They require a well-insulated storage tank. A well-insulated storage tank is important for most types of solar water heaters. The tank has an additional inlet and outlet, and a solar water heater preheats water before it is heated by a conventional water heater. Tankless solar water heaters usually include a back-up heater and an insulated storage tank. The latter is usually used for solar pools. Tankless solar water heaters require a storage tank with a high level of insulation, as they are very vulnerable to extreme temperatures.

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A gas water heater is cheaper than an electric model, but you'll need to install a natural gas line to get started. However, installing a gas line is more complicated and costly than installing an electric model, which may mean that your savings won't be immediate. Nonetheless, the savings will make it worth the extra expense. If you're worried about the cost of installing a gas line, you can always switch to an electric one.
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Prices have come down over the past several years, and a flat-type solar water heater can provide domestic hot water for three people. Professionally produced plants can cost between $3500 and $6000. The initial cost for a solar thermal system, including installation, is approximately $8000 to $10,000.

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Before deciding on the type of hot water heater to buy and install, you should consider the time you will be living in your home. Electric models are easier to install and can be switched over easily, whereas gas models may require a professional to make the necessary connections. Gas models are not very efficient, but they do cost less to operate. But if you plan on staying in your house for five or more years, you should definitely opt for the gas model. The savings will be substantial. However, if you are planning on moving out in two years, it might be a better idea to choose the electric model, because the repairs might detract from your savings.