Tankless Water Heaters Can Save Money - Higher
Natural Gas and Propane Prices Make Energy Saving Waterheaters More Popular
March 16th 2006
Indoor Tankles Water Heaters
Now that natural
gas prices and propane prices have shot up, the hot story for
consumers is the tankless water heaters. If you are considering
purchasing a new water heater, you should consider the tankless
models. Sure most people wait for the old one to go-out before they
drive down to Home Depot or Lowes to shop for a water heater, but
you could begin saving money immediately with these new heaters.
water heaters must heat water on standby before the water is even
used. Tankless water heaters do not have a storage or standby tank,
so the water is heated only when you turn the spigot.
California Edison, you can save 10% to 20% on your gas bills by
switching to tankless water heaters. You will also save on space.
Edison says “The average propane-powered tankless water heater is
about 24 inches high, 18 inches wide and 9 inches deep --
significantly smaller than storage tank-type water heaters --
although sizes vary.”
Some areas may
offer incentive programs for installing tankless water heaters.
Most of the incentives are available for new construction, but you
might want to check with your local governments to determine what
programs are available in your area.
If there are no
government funded incentive programs, you may still qualify for a
factory rebate. The rebate may cover the installation costs.
electric models available as well. If you install this yourself, you
should research the voltage requirements before you purchase. If
the electric version requires 220-240 volts you may need an
electrician to run the circuit.
to the tank-less water heater is the absence of the tank. If you
have ever had a water-heater tank burst in your home, you know what
I am talking about. Most tanks are lined with an anti-corrosive
material, but they may still corrode over time.
Our house had a
water heater that was located about 60 feet from our living spaces.
We had a recirculation pump attached to our water heater. This
expedited the hot water flow, but it also cost us money. These
pumps can save a little time, but they also cost money. The water
heater will work harder to keep the water hot. We have decided to
live with the added seconds for hot water rather than the extra
estimates that purchasers of tankless water heaters will save $50
per year. This may be a conservative estimate, especially if gas
prices increase substantially over the coming years.
By Dan Wilson
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