Traditional Water Heater Or Tankless Water Heater?
Posted on | November 26, 2009 | 3 Comments
I have to get a new water heater soon. I saw that their are new tankless water heater, but they seem that they would cost more to run because they are electrical, where a traditional water heater runs on gas.
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3 Responses to “Traditional Water Heater Or Tankless Water Heater?”
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November 26th, 2009 @ 11:45 pm
I was actually in this same situation. I was pondering the tankless myself until I received my first estimate $2800 plus a hard wired carbon monoxide detector install by a certified electrician. I pondered the energy savings versus the initial investment. My plumber actually talked me out of it because of two reasons. The tankless came with only a 5 year warranty. The traditional comes with a 12 year warranty. Second, it takes many years to make up for the initial investment of the tankless. I paid $1000 installed for the 40 gallon propane. I relate this to a Hybrid vehicle with the engine costing upwards of $5000 more than the traditional gas engine. Cars only last so long and so do water heaters, so you may never see the dramatic savings that you are supposed to, if the unit fails after only 6 or 8 years. Don’t get me wrong, the tankless systems are extremely efficient, but why only a 5 year warranty? Seems sketchy to me. My plumber told me this…he said if you were building a new house, I would tell you definitely! Since you have to retro-fit the system into your old house and use a power-vent out of the side of your house, plus don’t know how long you will be in this house, go with a traditional 40 or 50 high efficiency tank.
November 27th, 2009 @ 2:28 am
I have two Rannai heaters. I love them. They don’t take up so much room and the don’t run out of hot water. They do cost more, but I’ve heard of them lasting 30 years.
November 27th, 2009 @ 4:37 am
I got a new tankless gas water heater online several months back, cost around $900 and about $600 more to install, and I’m very pleased with it. It seems to use about a third less gas than my old traditional gas water heater and I have all the hot water I need whenever I need it. Plus I got a $300 energy deduction off my federal income tax. I went with a Paloma brand although there are others to choose from. Hope this helps you make up your mind.