If you are looking to save money on your electric bill, you could be in hot water. Quite literally, your cost savings could be found in the type of hot water heater you have in your home. If you have a big family who takes multiple showers daily, not to mention doing loads of laundry, your hot water use could get up there.
When it comes to your water bill, water heaters make up nearly 17% of your home’s electrical usage. That’s more than all other household appliances combined! It may be time to take a look at your water heater and determine if a tankless water heater is an energy saving option.
Here are some questions and answers about tankless versus traditional water heaters, brought to you by all of us at Benicia Plumbing:
A tankless water heater also sometimes called a demand-type water heater generates hot water only when needed. That compares to a regular storage water heater that keeps a tank of hot water on standby.
When a hot water tap is turned on, water enters the unit via a pipe. That water is then heated using a gas burner or electric unit. Gas-fired tankless water heaters can produce 2-5 gallons of hot water per minute. Homes that have a greater demand for hot water can utilize two or more tankless water heaters connected in parallel to meet demand. Or you can install a tankless water heater dedicated to specific appliances like the dishwasher. Some types of tankless water heaters have their own thermostat so you can control and vary the temperature of the water they produce.
Answering that question requires an examination of your water bill. If your home uses less than 41 gallons of hot water each day, then a tankless water heater can be 24-34 percent more energy efficient than a conventional storage tank, according to the U.S. Department of Energy. In homes that use 86 gallons per day, a tankless water heater can be 8-14% more energy efficient.
While the initial cost of installation for a tankless water heater may be more expensive, it has proven to have a longer operating life of more than 20 years and of course saves homeowners money on their energy bill. The U.S. Department of Energy has a tool to help you calculate the annual operating cost of your water heater to help determine which is most cost efficient for you. You can find that tool here.
At Benicia Plumbing, Inc., we’ve been serving our clients since 1975 and always looking to utilize the latest technology in today’s plumbing world. By providing complete plumbing services to businesses, industry, homebuilders and homeowners throughout the northern California Bay Area, we’ve been able to stay at the forefront of this industry and succeed at a high level.
Sources: DIY Channel and Angie's List