Go Tankless Water Heater

A large percentage of our monthly energy costs go towards heating water, and this is indeed a considerable expense for any homeowner that’s looking to save money. If you’re looking to save on your energy bills, then you’ll want to take a  look at all the options available to you. The first product you should take a look at is the tankless water heater. They come with a number of advantages, and can help you save some money, as they are very efficient.

Water is typically heated for your house and stored in a tank. This is not the case with tankless water heaters. The water in your tank needs to be kept hot all the time, so it can be delivered when needed. This constant heating and reheating of water is a very inefficient way of making energy.  A tankless water heater basically heats the water as it runs, so energy is only being consumed when you need the hot water.

These inefficiencies make a strong argument for going tankless. With many traditional systems, it is simply not economical to have the water heated at all times, like when we’re sleeping or away. Tankless water heaters can make this old way of doing things a thing of the past. Though, it is important that you understand these products before you go buy a tankless water heater.

A decent quality tankless gas water heater should set you back about one thousand dollars, and undoubtedly some  more if you are going to include installation costs. Gas tankless water heaters often require special venting and gas line requirements, making installation more costly when compared to electric models. While this is a lot more expensive than the traditional storage tank models, the yearly savings can make it well worth the investment.

Now, when it comes to the prices of tankless water heaters there are electric units you can find for real bargains. Not only are tankless electric water heaters more economical, they’re easy and affordable to install. You can find electric models for as low as $100 for the smallest of units, while you can find larger heaters in the $500-$600 price range. But, before you rush out and buy tankless water heaters understand that different models serve different purposes. Some of the electric units just don’t make the power necessary to provide hot water for an entire house.

Now that these units have become so popular we’re seeing tankless water heater prices at very reasonable levels. Aside from lower prices there are many incentives to buy. The cost in purchase and installation is something that is made up in time via the inherit  savings that comes from lower energy bills. Just lowering your energy bill by 20 percent or so a month could cover your initial investment in a short period of time.

Prices of tankless water heaters can be significantly lowered through government subsidy. Check with your local utility and government agency to see if they offer a tankless water heater tax credit or rebate. These incentives make going with a tankless unit more attractive than ever. New construction is the optimum time to buy a tankless water heater, as installation costs are minimal.

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