- NEW!
Manufacturers of tankless water heaters tout the units' on-demand heated water as a source of savings for its owner. Traditional storage water heaters must continually heat the water in their tanks to offset standby heat loss. Conversely, tankless water heaters only heat water when the hot water valve is opened, translating into monetary savings through energy efficiency.
Like everything else, the technology behind storage water heaters has advanced in recent years. The energy-efficient gas-powered models of today are more cost effective than those produced a decade ago. Since the hookups are still the same, a homeowner can realize a savings in overall energy costs for a relatively low initial investment.
The idea of a tankless water heater makes sense, but the costs involved makes the investment senseless. Consumer Reports tests showed a meager annual savings of about $75 over traditional water heaters. Minimal savings and high upfront costs means that tankless water heaters cost more.
Consumer Reports: Tankless Water Heaters
American Council for an Energy-Efficient Economy: Consumer Guide to Water Heating
Does the location of the sun affect the amount of energy solar panels collect?
by Answerbag Staff on May 12th, 2011
| 1 person likes this
How long before a hot water heater heats up?
by Answerbag Staff on August 24th, 2010
| 1 person likes this
How do I clean a hot water heater with CLR?
by Answerbag Staff on August 22nd, 2010
| 1 person likes this
Is hard water tougher on hot water heaters? Does it matter if the hot water heater is electric instead of gas?
by Freedom00 on April 21st, 2011
| 1 person likes this
Any building inspectors out there? How do you live with yourself?
by Mister_Bromyde on January 7th, 2011
| 1 person likes this
You're reading Does a standard water heater or a tankless water heater cost more?
Your favorite Q&A site is on Facebook! Become a fan to connect with the ever-growing community of Answerbaggers, share your thoughts and find out what Answerbag's up to next!
Comments