Does A Tankless Water Heater Really Save Money

Especially if it is used in a vacation home or rv.

Does a tankless water heater really save money.

Tankless water heaters are on demand water heaters that heat water as it is used. The investment you put into a tankless water heater will save you money in the long run experts say since gas and electricity won t be running to constantly maintain water temperature. So will a tankless electric hot water heater save you money. Tankless water heaters offer tremendous benefits such as endless hot water space savings and increased operating efficiency but homeowners often ask do tankless water heaters really save money.

The efficiency of tankless water heater over storage type heaters is 24 34. If you have an electric traditional water heater then you can expect to save up to 30 on your electricity bill by switching to tankless. Sure the initial cost to install one may be slightly more. If you purchase a heatworks water heater the answer is a resounding yes.

By using tankless water heater you can save 96 200 per year based on usage types and capacity of the heater. The exact cost will depend on unit placement location of your home fuel types available and if it is a new home or a replacement for an older home. To estimate your savings think about your family s water usage. If you are tired of wasting gas by heating water that doesn t get used then a tankless is the way to go.