How Much Money Does A Conventional Gas Water Heater Waste Per Month?
Posted on | November 27, 2009 | 5 Comments
I want to buy a tankless gas water heater for a house I will sell in 5 years. Will I recoup the difference in price over a new conventional gas water heater in 5 years?
The price difference is $600, which is $120 per year to make up in energy savings, or $10 a month. Will the energy efficient tankless gas water heater save me that much every month?
It is hard to know what proportion of the gas bill goes toward the water heater now. I am in Michigan which has snowy winters, so the savings is potentially greater in some months. I want to know if I will average at least $10 a month in savings on gas bills via this purchase.
Thanks for sharing your insight.
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5 Responses to “How Much Money Does A Conventional Gas Water Heater Waste Per Month?”
November 27th, 2009 @ 4:06 pm
As a plumber for 14 years i would say the tankless heater is not the way to go , I read all the website that give you all the pros of these untis but when in the field these pros seem to disappear , very few people are happy with these units after the install .They do seem to work well on smaller homes and for small families , especialy couples , Standard tank water heaters don’t use all that much energy , and i would bet you would lose out money on converting to an on demand water heater , the price of the unit , the repiping and new electric line going to the unit , and the new circuit breaker, these electric units draw some serious amps .I have heard tons of complaints about these , like the other fellow said just stick to what you have , tried and true .