0
Does a tank electric water heater cost more to run then a tankless electric water heater?
Wiki User
∙ 8y agoWant this question answered?
Be notified when an answer is posted
Add your answer:
Earn +20 pts
How much do Rheem Tankless Water Heaters cost?
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.
Is a Tankless Water Heater the Best Choice?
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.
How much does it cost to get a tankless water heater installed?
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.
Who makes ge tankless water heaters?
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.
How do you install a tanklless water heater?
If you choose to install the water heater yourself, there are instructional videos on the web you can follow, and the item likely comes with instructions in the box. Most companies that sell these items will install it for you for a price.
What are the benefits of using a natural gas tankless water heater?
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.
DO I need a hot water take to go with the new 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.
Check With Your Plumber Before You Purchase A Tankless Water Heater?
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.
How to Determine Your Need for a Tankless Water Heater?
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.
Do tankless water heaters cost more than normal water heaters?
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.
Why does gas water heater cost more than electric?
gas valve and pilot assebley cost more
What is the cost of a tankless water heater?
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.
