Traditional water heaters store water inside where it is reheated until needed for use. This means that energy is being used to keep the water hot even when you don’t need it. Tankless models, on the other hand, produce hot water as it flows through the device, letting you save on energy costs.
What is the cost?
Tankless models cost more than traditional water heaters. There is a wide range of prices for both traditional and tankless models depending on brand, power and energy efficiency. You can get a gas-powered, traditional water heater for $499, while a tankless model will cost around $1199. It can be hard to imagine that this significant upfront cost will pay off in the long run, but in order to know for sure you really have to take a hard look at long-term operating costs.
How much money will it save me?
Reports vary on how much money tankless water heaters actually save. According to Energy Star, they can save $100 or more per year, while Consumer Reports estimates savings to be only $70-80 per year. To estimate your savings, think about your family’s water usage. If you have a small family that uses less water, your savings will be lower than someone who lives on their own and uses more water.
Tankless water heaters tend to be much more efficient than traditional water heaters. Water doesn’t have to sit in a tank and being reheated. The water is heated as it passes by the element. You can get hot water on demand and receive a constant flow of it.
You can call Circle-E Air Conditioning, Plumbing & Electrical 24/7. Circle-E is located at 2951 Northern Cross Rd fort Worth TX 76137 or visit Circle-E.com for questions and scheduling information or on Facebook at www.facebook.com/CircleEmaintenance.