Gas Tankless Water Heater Cost Per Year

Water heater operating cost comparison tank technology fuel type energy source uef uniform energy factor annual operating costs standard 50 gallon gas storage tank natural gas 0 60 309 standard 50 gallon gas storage tank propane 0 60 745 standard 50 gallon electric storage tank electricity 0 95 626.

Gas tankless water heater cost per year.

For the average family the energy savings from switching to tankless amount to about 70 to 120 per year. The department of energy computes average annual operating costs of 388 for a storage tank heater and 272 for a tankless heater. 15 ways to save on your water heating bill. To heat this water they spend around 400 600 per year.

Let s say you spend 2 000 to purchase and install a tankless water heater. The rheem eco200xln3 1 outdoor natural gas tankless water the rheem eco200xln3 1 outdoor natural gas tankless water heater can provide up to 9 5 gpm at a 35 temperature rise. If your annual savings are 100 it would take 20 years the approximate lifespan of a tankless water heater to recoup the cost in energy savings. Tankless water heaters are a higher initial cost but they will cost less to operate because they only need to heat water as it is required and use less energy.

Benefits of a tankless water heater a tankless unit uses 30 to 50 percent less energy than a standard water heater saving the average family more than 100 a year on heating costs.