How Much Money Do Instant Hot Water Heaters Save?
The savings can be significant for a household that uses a lot of hot water and plans to stay in the same house for a length of time. On average, households change homes about every 5 years. If you are moving less than that, then installing instant hot water heaters may not save you much money. But that’s not the whole picture. Saving money as the price of energy goes up is a concern for everyone. Greenhouse warming is here to stay and adjusting for not just today but the future is financially wise. The annual cost of operating a tank type water heater is on average about $500 for a household. By switching to an instant hot water heater using electricity will save about 40-45% or $200 to $$225 per year. In the case of a tankless gas water heater, the savings is even more significant for the simple reason that gas is that much less expensive to operate. But here is the catch. If you already have a tankless system installed then there is little you can do to save money. However, if you a
