Electric Tankless Water Heater Cost Per Year

For example the rheem tankless electric rte 27 1 with a maximum 5 0 gpm and a 10 year warranty costs about 625 750.

Electric tankless water heater cost per year.

To heat this water they spend around 400 600 per year. A central tankless water heater providing hot water for an entire house can cost 800 3 000 or more without installation depending on gallons per minute capacity and the unit s energy efficiency rating. But these devices don t come cheap. The efficiency of tankless water heater over storage type heaters is 24 34.

64 energy factor 0 92 electric 0 61 gas energy cost 0 06 per kwh 60 per therm. The average cost of a tankless water heater with. 15 ways to save on your water heating bill. Average daily usage gallons per day gallons.

The comparison assumes a storage tank water heater as the input type. By using tankless water heater you can save 96 200 per year based on usage types and capacity of the heater. If your annual savings are 100 it would take 20 years the approximate lifespan of a tankless water heater to recoup the cost in energy savings. For the average family the energy savings from switching to tankless amount to about 70 to 120 per year.

A tankless water heater is one way to ensure that you never again experience any unexpected cold showers. If plumbing or electrical work is needed installation can add 100 200 making total costs 220 550.