Tankless hot water heaters are popular line items on most “green home improvements” lists. Does installing a tankless water heater pay off and, if so, how long does it take to see a return on your investment? That depends on your usage rate and other factors… check out the cost comparisons below.
Most of us take hot water for granted – but we really shouldn’t. According to the U.S. Department of Energy, heating water accounts for 14%–25% of the energy consumed in our homes. If you’re like most people, you have a conventional gas storage water heater that serves your household. When it fails, you’ll likely replace it immediately with another conventional gas storage water heater, because that is the least expensive option and it will quickly mitigate any potential for another cold shower. Iinstead of waiting until your heater breaks, you should plan (now, while the water is hot!) for your water heater’s replacement. We’ll provide basic information about some of your options by taking a look at two types of ENERGY STAR-qualified water heaters: high-efficiency gas storage and whole-home gas tankless. Then, when your water heater fails, you’ll be able to make an educated decision and purchase an energy-efficient replacement.