Electric Tankless Water Heater Cost Savings

What s more you will even reveal how many trees your tankless water heater will save by simply reducing your carbon footprint.

Electric tankless water heater cost savings.

Most tankless water heaters have a life expectancy of more than 20 years. But before you replace your existing electric water heater with one you should look at the one time installation costs annual maintenance and the monthly cost of electricity. Often they can be mounted to the wall. 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.

We rated the annual energy consumption cost excellent for a gas. They fit into tight spaces such as underneath the sink or in a closet. Tankless water heaters cost around 2 3 times more than traditional storage tanks. Assumptions base model has an efficiency that just meets the national minimum standard for gas and electric water heaters.

According to home depot it costs between 2 044 to 5 898 with the average being 2 979 to have a tankless water heater installed accounting for the heater installation materials any. Your savings report will reveal your energy cost per therm energy factor annual energy in therms co2 emissions in pounds and your annual energy cost in your area both before and after tankless. Plus it s a great value with a 5 year heat. Gas and electric tankless water heaters run more efficiently than the conventional water heaters of the same fuel type.

Rheem performance tankless electric point of use water heaters help rheem performance tankless electric point of use water heaters help reduce energy usage save on energy costs and are small so they will be a perfect match for installations under a cabinet or sink in your home office boat or rv. Compact tankless water heaters are small and compact. Tankless water heaters pros. Your selection of a water heater using gallon s per day will have a energy cost savings per water heater over an estimated 13 year life expectancy compared to the model.

With the promise of endless hot water over 9 million electric tankless water heaters are sold in the united states every year. If your annual savings are 100 it would take 20 years the approximate lifespan of a tankless water heater to recoup the cost in energy savings. Tankless water heater cost.