Gas Tankless Water Heater Cost Per Year

By using tankless water heater you can save 96 200 per year based on usage types and capacity of the heater.

Gas tankless water heater cost per year.

The efficiency of tankless water heater over storage type heaters is 24 34. 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. Let s say you spend 2 000 to purchase and install a tankless water heater.

To heat this water they spend around 400 600 per year. The 199 900 btu natural gas tankless water heater is designed to supply continuous hot water for up to 3 bathrooms at the same time. 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. The department of energy computes average annual operating costs of 388 for a storage tank heater and 272 for a tankless heater.

For the average family the energy savings from switching to tankless amount to about 70 to 120 per year.