2. Does a Tankless Water Heater
Save Money?
One glance at a large water heater tank will
reveal the flaws of a traditional system. Storage
tanks keep gallons of water heated just in case
any hot water is needed.
3. Cost To You!
The costs associated with this type of heater
have caused many homeowners in Roswell and
Peachtree City to turn to efficient tankless
heaters. In the tankless system, hot water is
supplied on demand, which allows you to save
energy throughout the day.
4. Does a tankless water heater
save money for everyone?
Probably; while there are higher upfront costs
when you are going tankless, calculations
suggest that every household will receive some
financial benefits from making the switch.
5. Space, Energy and Emissions Savings
Because of their form and function, tankless water heaters save more
than storage heaters. Here are the three areas in which you’ll find
increased efficiency:
• Space: Instead of a storage tank that measures 5 or 6 feet in height,
tankless water heaters operate from wall-mounted units that take
up far less room. If you plan on refinishing your basement or using
it for storage, this space will come in handy. Small units may even fit
under a sink.
• Energy: As opposed to a storage tank system, tankless heaters only
kick into gear when the hot water knob is turned. Standby costs of
heating water in a large tank are eliminated.
• Emissions: By selecting an electric tankless heater, you’ll cut back
on the greenhouse emissions your household produces. That makes
tankless water heaters a greener alternative.
6. Cost Savings
It’s clear that a tankless heater outshines
storage tank models in numerous ways. But,
how does a tankless water save money? The U.S.
Department of Energy calculates you can gain
between 8 and 34 percent more efficiency with
a tankless heater. This adds up to savings of
$100 per year with an ENERGY STAR model.
7. Cost Savings
Though there are big energy savings in store,
tankless heaters typically cost more than
traditional storage tank heaters. However,
tankless heaters may last 10 years longer than
their counterparts, which puts the potential
savings at $2,000 over the life of a heater.
8. Upfront Costs Have Diminished
In the past, the drawback to tankless water heaters
has been that the cost was so high that
homeowners could not recoup the investment.
However, prices have dropped in recent years. A
survey of home improvement sites puts storage
tank heaters designed for families of four and
carrying a 9-year warranty priced over $400. The
same sites list tankless water heaters designed for
two-bathroom homes at prices from $500 to $800,
depending on the desired volume output.