Gas Tankless Water Heater Cost Per Year

64 energy factor 0 92 electric 0 61 gas energy cost 0 06 per kwh 60 per therm.

Gas tankless water heater cost per year. Tankless water heaters cost around 2 3 times more than traditional storage tanks. Compact tankless water heaters are small and compact. 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. High efficiency non condensing tankless propane 0 81 552 super high efficiency condensing tankless natural gas 0 92 201 super high efficiency condensing tankless propane 0 92 487 as based on the average cost to run an electric tank water heater per the department of energy doe average energy costs doe gov 2017.

Installing a tankless water heater is a greater upfront investment but these units can significantly cut the cost of monthly utilities. The average cost for a tankless water heater installation is 1 985 or between 1 470 2 510 if your home needs to be rewired it can easily add 3 000 or more to the cost of installing a tankless water heater. Tankless water heater cost. While a standard water heater wastes 30 percent of.

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. The efficiency of tankless water heater over storage type heaters is 24 34. To heat this water they spend around 400 600 per year. 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.

The comparison assumes a storage tank water heater as the input type. Quantity of water heaters to be purchased unit s 1 unit see assumptions for various daily water use totals. Tankless water heaters pros. How much gas does a hot water heater use.

So a 4 000 watt heater used for three hours a day at 10 per kwh will cost 1 20 per day about 36 50 per month or 438 per year. By using tankless water heater you can save 96 200 per year based on usage types and capacity of the. 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. Let s say you spend 2 000 to purchase and install a tankless water heater.

Department of energy estimates that in homes using 41 gallons or less of hot water on demand tankless units can conserve between 24 to 34 more energy than tank water heaters. As per estimation by energy gov average water use per day per household is about 64 gallons.