Most homeowners simply don’t think about the efficiency of their water heater tank until it breaks or until it runs out of hot water during a shower, but the long-term impact of energy loss can steadily drain your wallet. Here’s a closer look at the energy losses of conventional storage water heaters:
Annual Operating Costs
The average American household produces about 20 tons of CO2 per year and spends somewhere between 15 and 30 percent of its annual energy costs on water heating alone. Annual operating costs can vary considerably between conventional and tankless water heaters depending on the size and location of your home. On average, homeowners can offset their annual energy costs by as much as $100.
The energy factor (EF) rating refers to the amount of energy it takes a unit to heat water to a certain temperature. EF ratings are considerably higher in tankless systems, and most of them already have ENERGY STAR approval, which means that you may be eligible to claim a $300 tankless federal tax credit to help offset the initial costs of installing a tankless system.
Tankless water heaters don’t suffer the same strain and energy inefficiency of standby heating, so the heating elements undergo less wear over time. This provides tankless water heaters with a lifespan cycle up to twice that of conventional units, reducing the amount of long-term waste associated with disposing and recycling broken tanks.
As one of the largest retail distributors of brand-name Rinnai home water heating appliances in the nation, Wholesale Tankless, Inc. provides a wide inventory of tankless units at significant discounts to both independent homeowners and contractors. To learn more about your home’s water heating needs and how a new tankless system can help, consult with our master plumbers online or at (877) 278-2253 today for more information.