Yes, the tankless water heaters do cost more than the normal water heaters because tankless water heaters are designed to supply hot water only when needed unlike normal ones.
Tankless water heaters are produced by a wide range of manufacturers. The Rheem tankless water heater has a cost range from the mid fifteen hundreds to over two thousand dollars.
While tankless water heaters are significantly more efficient than traditional water heaters, it can take up to 22 years to break even on the cost, due to the initial expense of the tankless water heater itself. Unfortunately, by the time the tankless water heater starts to pay for itself, it will likely have exceeded its 20-year lifespan. http://www.consumerreports.org/cro/appliances/heating-cooling-and-air/water-heaters/tankless-water-heaters/overview/tankless-water-heaters-ov.htm
Tankless water heaters are more energy and cost efficient than your typical water heaters. Of course, each person has their own needs and it is always a good idea to weigh out the pros and cons before making any decisions for a change. What works well for some may not work well for other.
When you purchase a tankless water heater it will have instructions on how to install the item. Tankless water heaters normally run anywhere from $120 to $2,000. The replacement cost is between there. However, most have warranties.
The energy saving potential of tankless water heaters has led many consumers to consider replacing their storage tank water heaters with tankless models. Tankless water heaters only heat water when it is needed. The U.S. Department of Energy estimates a tankless heater can reduce water heating costs by up to 30 percent. The small size of the tankless heaters is also attractive where there is limited space. And, although there may be some maintenance costs, tankless heaters should last longer than storage tank water heaters. However, the initial cost of a tankless water heater is significantly higher than the price of a new storage water heater. Forty to fifty gallon standard storage water heaters cost from $300 to $650 at a major home store. The same store sells a 7.4 gallon per minute tankless water heater for $1,200. The cost of installing a tankless water heater is also significantly higher. Local plumbers, home stores and handymen have competitive pricing on the installation of storage water heaters. It is a quick job for an experienced installer. A tankless heater may require costly electrical work and new gas piping. The more complex installation process can be time consuming and may require specialized workers. In a 2008 article, “Consumer Reports” estimated that it would take 22 years of energy savings to recoup the higher cost of a tankless water heater. Energy rebate programs and tax credits may be available to reduce the net cost of a tankless heater or a highly efficient storage tank heater. Check programs sponsored by government agencies and utility companies before deciding on a purchase since discounts, rebates and other incentives can help a tankless water heater pay for itself in significantly less time. Rising energy costs may also make a tankless heater a more attractive financial proposition. Of course, cost savings are not the only reason to purchase a tankless water heater. Some consumers are focused on reducing their energy use. Recovering the cost of switching to a tankless heater is less important to them. If your priority is reducing your carbon footprint, a tankless water heater can help accomplish that objective.
Tankless water heaters are more efficient than conventional water heaters because they only use energy when hot water is needed. Conventional water heaters use energy to keep the tank hot all the time. Another advantage, particularly in a large house, is that you don't have to run as much water before the hot water reaches the faucet. However, tankless water heaters are expensive to purchase and expensive to install. In some houses, you may need more than one. The energy savings may not be enough to pay for the additional cost over the lifetime of the water heater.
Yes, you will need a hot water tank for your water heater. There are, however, some tankless water heaters on the market. They cost a bit more, but there is a federal tax credit on them.
The most talked-about type of water heater is the tankless or instant water heater. The tankless heater does not have a reservoir of water to keep heated constantly. It heats the water as it is needed. If you’re like most folks, You want hot water that is fast and plentiful. You want a heater that heats quickly without costing a fortune. You expect your heater to be robust enough to take a shower while the dishwasher is running. For these reason, a tankless water heater falls short. The up-front cost is the first consideration. A 40-gallon tank heater only costs about $800 installed. A comparable tankless water heater can run $3500 or more after installation, depending on whether your new heater fits your old fittings. Another consideration is the level of use. Unless you buy a very hearty tankless heater, it will not be able to multi-task very vigorously. Tankless heaters also have a temperature swing of up to ten degrees--five above and five below the thermostat--and the water can run hot and cold when turned off and on. Despite their nickname, instant water heaters are not. When you turn the tap, a sensor turns on a fan, then a burner, and finally the pipes get hot and the water is heated. That means a twenty second wait for the heated water. Tankless heaters tend to get lime deposits which require regular cleaning. Their pilot light is always lit, so the expense of running a tankless heater is not much less than a tank heater. The tankless heater must heat the plumbing the entire way from the heater to the faucet. After the water is turned off, the plumbing cools. This is the major loss of energy in the system. When the tankless heater is turned on again, it must reheat the pipes anew. Tankless heaters have had reliability issues in the past, when the product was brand new. These bugs have been ironed out but the companies making tankless heaters have had quality issues previously and could again. There are many companies making claims regarding the superiority of tankless heaters. When comparing, be sure to use similar models, not a high end heater versus a lesser model. Check into some consumer report web sites or forums with real reviews from real consumers to help you make you decision.
Although tankless water heaters are an efficient, cost effective way to heat up water for your family's personal use, not every home has the type of plumbing necessary to use these new devices. If you live in an older home, make sure that you consult with a plumber before you make your tankless water heater purchase. You do not want to go to all the trouble deciding which unit to buy only to find out that you can only use the traditional tank models. A plumber will be able to quickly tell you if a tankless water heater is right for your home.
Home Depot carries the GE Tankless Water Heater, and I was told with certainty that these are made for GE by Rheem.Additional notes:Looking for return on investment / payback period for tankless water heater over regular heater with tank? See this link* that suggests a standard home will save $375/year for a tankless water heater, so that ROI is 2 years for purchase + installation.Shopping Now? As of 2010-12-30, I am looking at the GE Indoor 7.5 gpm Tankless Gas Water Heater Model # GN75DNSRSA, retail $1449 and for the next couple of weeks is $584.10 (no cost for 3-5 bus. days shipping)This compares to $864.89 (shipping already included) for the Rinnai R75LSi Natural Gas Indoor Tankless Water Heater, 7.5 GPM on Amazon.com.
You have to define better. While they cost less to operate in most cases, they are more expensive than the tank type to purchase, and will require a large gas or electrical supply.
Indirect water heaters are one of the most energy efficient, low cost water heaters on the market today. It stores 40 gallons of water for the cost of $0.05 per day.
Solar hot water heaters need sunlight to work. While you can store the heat and create closed loop systems that protect the system from freezing, the use of solar hot water heaters really makes sense if you have full sun exposure and are willing to moderate your usage. It also may cost more to install a domestic solar hot water system. These can run on 12v oe 11v for the pump, or you could go passive- there are many different types and options. Check Home Power mag. Electric hot water systems come in two flavors; tank and tankless. For electric tank systems, the cost of heating water with electricity can be quite large. These tank heaters store hot water and are using electricity just to keep the tank warm. This is not very efficient even with insulating blankets. Once you run out of hot water in the tank(as cold rushes in) your shower is over. The heater itself is usually inexpensive. Plumbing is straignt foward, with 30 to 40 amp 220V feed required. Tankless water heaters or "on demand" water heaters (both gas and electric) are fantastic! They are the least expensive to operate, and fairly simple to install. The electric tankless heater requires no exhust ducting and is perfect for under the counter usage or with larger units can heat the water for an entire home. The tankless design never runs out of water! These are perfect for solar installations that may encounter weeks of cloudy weather. The units are more expensive than tank heaters, and usually require 220v service (if electric). if your doing reseach on this great if not get a life losers
No,they are not cost efficient. Bradford water heaters aren't worth the cost because replication parts are very hard to find and they don't come with refund or warranty.
Tankless water heater installation costs around $1200. But, they save money each year in energy costs, so, it is possible to recoup the money over time.
$4,700 plus permit fee's and local taxes
They cost between $150 and 500. The smaller ones are a 110 volt plug in, larger are often 220 v.
The actual cost of a reputable brand name tankless unit and the necessary unit accessories will cost approx. $800-$1500. Then you have the installation costs. A realistic installation cost in the Los Angeles area for a Gas tankless is between $1,000 and $5,000. The costs vary greatly because of the need to most likely upgrade the gas line, meter, vent, and often relocation of your water heater. My average installation costs have been around $1500, but i have installed a few that have been closer to the $4000 range.
Solar heaters are useful for heating water with natural energy, thus saving electricity. The question is can effective solar heaters be made for less cost than using the electricity.
There are many good brands of water heaters. Rheem makes a very good model. For someone who wants to save some water, EcoSmart, has models for home use that keeps down on water cost.
When replacing a water heater in your home, there are several different options that you can choose from. They can be found in traditional styles that heat the water in a large tank, or it is possible to get a tankless water heater. Tankless models have become increasingly popular within the past few years for a number of reasons. Though water heaters that do not require a tank can provide a number different benefits, one of the most popular of these is the energy-savings they can offer. Traditional water heaters hold a certain amount of water, and the water must be kept warm at all times. This means that the heater is always on, and it is constantly working to keep the water hot. When the tank is kept in a basement or other area where the temperature remains consistently cool, the tank has to work extra hard, which equates to more energy consumption. Tankless water heaters, on the other hand, only heat water as it is needed. With these models, there is no longer a need to keep water hot and ready to use all times. Instead, they work to heat water when a faucet is turned on. This can lead to very substantial energy savings. In fact, tankless water heaters actually require 40% less energy to operate than traditional hot water tanks. Not only is this better for the environment, it is also better for your wallet. Tankless water heaters are also safer than traditional models. Because they only heat water as it is needed, the water is significantly less likely to become overheated. They also take up much less space in the home, which can be very beneficial for homes where floor space is limited. The initial cost of a tankless water heater is higher than that of a traditional model, but they typically save enough money to pay for themselves with in a few years. Traditional water heaters are designed to last for only about 6 to 12 years. A tankless water heater, on the other hand, can last for 20 years or longer. This helps to make them a better value than traditional models, and it is better for the environment because it leads to less models in landfills.
Propane heaters have a better rating than electric heaters. This is due to the lower cost of ownership.
Some of the benefits of a natural gas tankless water heater are that hot water is available at anytime, the cost to operate the heater is less than a tank and there may be government grants to entice consumers to use the new system. Overall, energy saving and constant hot water availabilty at the main advantages.
Propane heaters cost less to run per hour.
The life expectancy of a tank-type hot water heater is 13 years. For most of this time, the water heater will perform without any attention, then all of a sudden, you find water all over the floor. Before you rush out and make an emergency call to your plumber, there are several things to consider. The first is what size hot water heater your family needs now and for the next few years. Perhaps the size of your family has changed. If the kids are growing up, you may want to consider getting a larger heater. Teenagers tend to take longer showers and consequently use up more hot water. On the other hand, maybe the kids have moved out of the house and you can get by with a smaller size. What is the availability of different fuel types? If you have both natural gas and electric available, you can change if it makes economic sense. Electric water heaters cost less initially and are simpler to install. However, electric utility rates tend to be higher so the operating costs over the years will be higher when compared to natural gas. Gas water heaters are a little more complicated. They need adequate venting for the flue gases and a sufficient air supply for combustion. This makes the location of the heater more critical. Gas backdrafting is also a consideration and carbon monoxide detectors may need to be installed. The efficiency of the water heaters is a major factor. Electric water heaters have energy factors above 95%, while natural gas heaters are in the range of 60% to 65%. Tankless water heaters have become more popular in recent years. Their efficiency is higher, around 80%, because they do not have standby heat losses from a tank. Based on average gas rates, a tankless water heater will save about $100 per year for the average homeowner. The initial cost of a tankless heater is higher compared to gas and electric. Determine the payback period to see if the annual fuel savings justify the additional cost of the unit.