Tankless Water Heater Savings

Assume the average lifespan of a water heater is 13 years although it is estimated that many tankless models can last for up to 20 years.

Tankless water heater savings.

A natural gas propane or electric tankless water heater gives you an endless source of hot water all while saving money on energy costs by not storing heating and reheating the same tank of water. Tankless water heaters will cut up to 40 off your monthly energy bill. Most tankless water heaters have a life expectancy of more than 20 years. The initial cost of a tankless water heater is greater than that of a conventional storage water heater but tankless water heaters will typically last longer and have lower operating and energy costs which could offset its higher purchase price.

Using a natural gas rate of 10 86 per 1 000 cubic feet we calculated that the payback time for converting from a storage tank gas water heater to a gas tankless ranges from 22 years to 27 years. Tankless heaters create less energy waste by heating water on demand and last longer than traditional tank storage systems the savings will add up over the years of use. The bottom line is that you will enjoy energy savings of 15 to close to 50 by using a tankless water heater. Besides energy and cost savings there are several other reasons to choose a tankless water heater over a traditional tank style heater.

First of all the significant advantage of tankless water heater is that there is no need to store water which is the main reason behind the saving of energy. Now see the difference for yourself. If your new tankless water heater saves you 100 per year over 13 years you will have saved just over 1 300 dollars in energy bills. A good solution being adopted by many homeowners is a tankless water heater also known as a demand or instantaneous water heater which saves on space and energy.

By heating water instantaneously and only when you need it you and your family members can enjoy continuous uninterrupted hot water at the same time along with savings over a conventional tank.