For homeowners who are looking to reduce their carbon footprint as well as their energy bills, it’s a good idea to look into installing a tankless water heater. San Diego residents are fortunate to have access to some of the best advice regarding water heaters from our highly experienced professionals here at Arnetts Plumbing Inc. Since 1993, they’ve been advising home and property owners on the installation of conventional and tankless appliances, so it’s clear they possess the knowledge and expertise to inform customers on the pros and cons of each type of device.
A tankless water heater is different from a conventional appliance in that it doesn’t store any hot water. Instead, it heats it on demand by means of burners that then deliver hot water to your faucet. That results in approximately 20% less energy loss than with a conventional water heater. However, a tankless unit typically has a lower flow rate, but this can be remedied by installing a separate water heater for appliances that use hot water like your dishwasher and washing machine.
When comparing prices of tankless and conventional water heaters, you’ll notice that most tankless models cost approximately $1,000, while conventional models can cost as little as $500. Though this might seem like a significant difference, it’s important to note that tankless appliances typically have a life of 20 years, which is seven years longer than most conventional models.
Switching to a tankless water heater can make a significant difference in your energy use and as a result, in your energy bill. If you purchase an ENERGY STAR qualified model, you can expect to save approximately $80 per year. For green homeowners who are interested in saving even more, some tankless appliances can be used in combination with solar water heating systems and may qualify for residential renewable energy tax credit. So even if it’s a hefty investment up front, replacing your conventional water heater with a tankless appliance can support an energy-efficient lifestyle while simultaneously saving you money.