subject: Are Tankless Water Heaters Worth The Added Cost? [print this page] The majority of American homeowners usually spends around 25%-30% on their house heating bill. Our question today is, are tankless hot water heaters worth the additional money to lessen this costs significantly? That's what we are planning to consider today.
We compiled documents from 2008, and our research came up with a savings of 20% to 23% annual savings from using these units, rather than the old water storage tanks that many of us have already installed in our homes. In retrospect, tankless water heaters use fast acting high powered heating devices to swiftly raise the temperature of water going from these units since it is circulating to every part of your property.
Getting back to our cost savings, this presents a cost savings around $80 bucks each year or a $6.67 savings on your regular gas costs. Alright not exactly savings that can send you on a subsequent escape to paris get away. But before we come to our conclusion is there any other rewards that can be made with these tankless hot water heaters?
Looking at retail costs, tankless water heaters commonly run between $800 and $1200 dollars, while the old fashion storage tank models run in the range of $300 to $500 dollars. Yet again, not a obvious edge for the "high-tech" models save you a handful of dough off your gas payment.
It's possible that if rates dropped lower as more folks buy these units we can easily see a bit more justification. Several online online business web sites will provide discounted units in order to compete with offline retailers. That may be another new way you can save and perhaps justify obtaining these water heaters.
Since the lifespan of water heaters in general work in the 18 to 20 years time period, it would literally take every one of the water heaters life expectancy to breakeven established on the straight up cost for the equipment.
Let's also take into consideration that there may be added costs for installation and maintaining your new energy saving units like propane tanks (for gas ran hot water units) or an added GFI outlet (for electrical units) just to get the tankless water heaters operable.
Overall, at this time the technology and the cost just doesn't justify the costs for new tankless hot water heaters that many might be raving about. All the raving might just be the manufacturer's who need to unload these units so that they can recoup their investment.
