Are Tankless Water Heaters Worth the Investment?
If you are contemplating the purchase of a tankless water heater, one of the considerations may be the price of tankless heaters. The purchase price of the unit is more than the old style hot water tank, so you may be wondering if they are worth the cost. The following information may aid your decision. Return on Investment (ROI) on Tankless Water Heaters A payback analysis every energy conscious consumer should consider There are a lot of tankless water heater manufactures claiming a wide range of savings on your next water heating bill. A quick search on the web will show you a percent reduction of up 80%. However the question still exists: how much would you really save on your water heating bill using a tankless water heater? Most importantly what is the payback or ROI of the average tankless water heater and how does it compare to a traditional tank hot water system? Let us try to answer these questions. Annual costs associated with water heaters of any type are divided into 3 cat
