Traditional vs Tankless Water Heater Comparison

March 26, 2009 - PRLog -- While we are in this economic depression the idea of cutting down on our utility bills is quite appealing. Your utility bills can be cut at least by 20% just by installing an tankless water heater. These savings could also add up for all of the United States.

We could easily save in one year:

290 Million gallons of Fuel Oil
6 Billion hours of Kilowatt electricity
164 Million gallons of Propane

If every American were to switch their traditions water heater to tankless systems the costs would add up quickly but the savings and payback would only take as little as three years.

What are the annual savings?

The savings will vary from one tankless water heater brand to the next, but here are a few of the basic overall estimated saving on your utility bills by switching.
15%-25% savings with an electric tankless water heater
25%-35% savings with a gas tankless water heater
65%-70% savings more with a gas tankless water heater compared to an electric unit

These percentages change according to fuel charges and the rising cost for electricity and can very year to year.

Using a typical utility bill of about $200 per month you can add up the estimated savings of  up to $50 a month with an electric or $70 with a gas unit. That in turn adds up to a $600 or $840 savings for the whole year.

The fact is that tankless water heater units are designed to outlast many years of use. Because they work only “on demand” thus reducing your energy cost and well as wear and tear on the unit itself. With a regular tankless water heater it is constantly using electricity even while you are sleeping. With a regular tank water heater they will need replacing on average every 3-8 years.

A regular tank water heater stores water in the tank constantly whether you are using it or not. When water sits in the tank it will deposit minerals at the bottom. Over time the mineral will build up and create a blanket on the bottom, thus reducing the amount of water the tank will hold and makes the water heat less efficiently. This means that your electric usage will go up because of the tank is working harder at keeping the water hot. Each year you will pay more to keep tank water heater running.

How much does a tankless system cost compared to the regular tank heater?
The installation of a tankless system will cost you considerable amount more than installing a regular tank type water heater but if you purchase the electric tankless unit most regular hand men have no problem with the installation.

A small point of use tankless unit on average can cost around $150-$200.

An Electric whole house unit can be found for as little as $500 to about $1000 for a larger (3+ bathroom) home.

An Gas whole house unit can be found starting at about $800 up to $2000 for a larger (3+ bath) home.

But considering the efficiency of these units, the initial investment will not seem that expensive. Overall the investment in a tankless water heater is well worth it in the long run and will save you money in no time at all.

FIND OUT MORE ABOUT TANKLESS WATER HEATERS HERE:
http://thebesttanklesswaterheater.com/blog/category/whoma...

OR WHO MAKES THE BEST TANKLESS WATER HEATER HERE:
http://thebesttanklesswaterheater.com/blog/category/whomakesthebesttanklesswaterheater/