✓ Open Now 24/7 Service
Since 1989!
Air Conditioners Being Serviced

Will A Tankless Water Heater Really Save Money

When it comes to water heaters, one of the biggest questions our Sound Heating specialists get asked is, “will a tankless unit really save me money?” The answer is yes, but it takes some explaining, which we will do below. You can also access direct help with any questions you may have about installing a tankless water heater in your home by making an appointment with one of the experts from Sound Heating.

How the Costs Breakdown

The initial costs of a tankless water heater are typically more expensive than that of a storage tank water heater, but this isn’t where the savings comes in anyway. Where the savings comes in is over time, in the form of less energy usage. Storage water heaters not only use a greater amount of energy, they also lose a greater amount of energy, something known as “standby heat loss”; this type of heat loss can account for up to 30% of the energy a storage tank water heater uses. So how do you determine how a tankless water heater can save you money? First, you take into consideration that a tankless water heater will save you about $100 per year in annual energy costs. Second, you look at the lifespans of a tank water heater versus a tankless water heater: tank water heaters have an average lifespan of 8-12 years while tankless ones have a lifespan of 20. When you multiply $100 by 20 years, that’s a total savings of $2,000. Of course, these numbers represent averages, but it stands to reason that you will save money over the lifespan of your tankless water heater’s life.

Other Tankless Benefits

Money savings is just one benefit a tankless water heater can offer you. Some other benefits include:

img of carrier experts logo rgb
picture of bbb accredited business
Honeywell logo
weil mclain logo
master builders association of pierce county
picture of Bosch Logo
img of accredited bosch contractor
nate
BIAW
image of bpi seal
photo of Uponor Logo
Rinnai Logo