Tankless water heaters are energy efficient and can save you significantly on your monthly energy bill over a traditional natural gas water heater or an electric water heater. Unlike storage water tanks utilizing antiquated technology, the Rinnai is more efficient because it only spends energy to heater water when it is needed. Rather than constantly spending energy to needlessly heater and reheat gallons of water, energy is used more efficiently with the Rinnai tankless water heating system. Rinnai tankless water heaters have an exclusive digital control pad installed separately from the wall mounted heating unit, allowing users to control the temperature of their water for various needs around the house.
Utility savings with a Tankless Water Heater
For residential customer who pays $50.00/ month on natural gas for Domestic water heating (DHW) ONLY, we project average savings of 30% based on same usage pattern. (Best way to find DHW energy cost, is to look at Natural gas bill during summer without heating.) With the usage pattern the same, savings with a tankless unit will be on average 30%. Single person 55%, two people using tank 40%, three people 35%, four people 30%, five people 25%. Based on: $50.00 a month DHW gas bill, with an average of 30% savings, you would save $15.00 month or $180.00 per year. If a tankless water heater costs $1700.00 installed without any retrofitting, and the alternative tank type water heater costs $800.00 installed, the differential of a tankless water heater is $900.00. Payback is 5 years. The return on your investment is 20%. On average a retrofitted tankless water heater will cost approximately $2500.00 installed. According to Consumer Reports, because tankless water heaters cost much more than storage water heaters, it can take up to 22 years to break even-longer than the 20-year life of many models.
Requirements for a Tankless Heater
There is a higher demand for the amount of gas with tankless water heaters. Our licensed plumbers know how to measure your household needs for gas. The gas line for your water heater is normally 1/2 inch, but our plumber will determine what size gas line is necessary to run your gas system correctly.