Tankless Water Heater

October 16, 2008 6:48:37 PM PDT
When it comes to your gas and electric bill it may surprise you to learn up to 30 percent of your money goes to heating your water. A more energy-efficient tankless water heater can help you get your costs down.Shari DiPaola's two teenage sons take a lot of hot showers, which she knows can add up.

Shari DiPaola said, "They're always in the shower. Jarred comes back from work, Alex comes home from work, they're in the shower."

Some manufacturers claim you can cut your energy costs by half. Consumer Reports tested both tankless and regular water heaters.

The tankless heaters were expensive, costing $800.00 to $1150.00 versus $300.00 to $500.00 for regular heaters. Tankless water heaters are more energy efficient because they don't store hot water. They only heat water when needed. Testers, with the help of an outside lab, assessed the water heaters for both energy use and the cost to operate. Tankless heaters do have their drawbacks.

Consumer Reports Gian Trotta said, "Some people may think that tankless water heaters provide instantly hot water to the faucet. That is not the case."

Another issue if you only need a trickle of water, say for shaving, the tankless heater's burner may not ignite and all you'll get is cold water.

Along with a higher price tag, tankless water heaters can be a lot more expensive to install and maintain.

According to Consumer Reports' tests, tankless heaters could save you around $70.00 to $80.00 per year on your energy bills.

Gian Trotta said, "But their high cost means it could take you up to 22 years just to break even, and that's not necessarily a money saver."

But if saving energy is important to you, getting a tankless water heater may be worth the expense.

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