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Cost and Savings

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Cost and Savings From Your Water Heater

A tankless water heater will save you about 30-40% when compared to natural gas storage models, and 50-60% compared to electric and propane models.
A tankless water heater saves energy because it only heats water when you need it – but saving energy is only part of the cost and savings to be considered when you are deciding on a water heating system. How much does a tankless water heating system cost? That depends on the size of the heater, the ease of installation, the fuel it runs on, its Energy Factor, and how much water you use. Tankless heaters usually cost more to purchase than storage heaters, but less to run. Learn more about how and how much you can save by choosing a tankless water heater for your Seattle area home.
Most gas-fired tankless water heater installations cost $2500 – $4200 including parts and labor. When considering the cost of a tankless system, it is important to understand that a tankless heater will typically last 20+ years before requiring any major service. In 20 years, an average home will have 3 tank style heaters installed. Although costing more initially than one storage type heater installation, the long life and energy savings make the tankless system a much better value in the long run. Washington Water Heaters can help you determine the best fit for your needs.

Your savings in operating costs with a tankless heater depend also on the heating system you are converting from or comparing to. A tankless water heater will save you about 30-40% when compared to natural gas storage models, and 50-60% compared to electric and propane models.

Why do tankless water heaters cost less to run? A tankless heater has a much more efficient burner, and since it is only heating water when you need hot water, stand-by loss is altogether eliminated. A tank heater has to cycle on several times a day to keep the contents at the desired temperature. It does this when you are sleeping, when you are at work, when you are on vacation. It’s like keeping a teakettle heating on the stove 24/7 for the 2 or 3 times a day you want tea. Tankless heaters store no water, so there is nothing to keep warm. Plus, tankless heaters heat water only to the temperature at which it is used, while storage heaters maintain a supply of very hot water which is then mixed with cold water to the temperature of use.

Our specialists at Washington Water Heaters can help you calculate our costs and your savings if you are considering a tankless water heater, and arrange for financing if needed.

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