Tankless water heaters have become a popular alternative to traditional tank-based water heaters. They use fewer natural resources and do not constantly require maintenance, which is often costly. One downside of tankless heaters is that they inevitably use more electricity than their tank counterparts. In this article, you will find an estimate of how much electricity a tankless heater might need to run.
What is a tankless water heater?
A tankless water heater is a heat pump technology that uses electricity to heat water. Tankless systems use less energy and can be more efficient than traditional tank-based water heaters, using around 60% less energy on average than a traditional tank-based system. Using a tankless water heater can save money on your energy bills.
What are the benefits of a tankless water heater?
There are many benefits to installing a tankless water heater in your home. Here are just a few:
- You will save on your energy bill. A tankless water heater uses about one-seventh of the electricity as a traditional water heater.
- You won’t have to worry about filling your tank every month or year. Tankless water heaters don’t use any fuel, so they’re environmentally friendly.
- It’s easy to keep your tankless water heater clean. Just use a garden hose to clean it out when it needs it.
How much does it cost to install a tankless water heater?
Installing a tankless water heater requires basic supplies, including the water heater, an installation kit, and good electrical wiring. The cost of these supplies varies depending on the model and size of the water heater, but in general, installing a tankless water heater is not expensive. The average cost to install a small tankless water heater is around $500-$1,000, while larger models can cost up to $3,000.
How much does a tankless water heater cost to operate for one year?
Tankless water heaters are becoming more popular each year as people become more aware of the environmental benefits of using this heating system. Operating costs for a tankless water heater for one year can range from $40 to $70. Still, these prices vary depending on the manufacturer and the model of the tankless water heater being purchased.
If you’re in the market for a new water heater, it’s important to know how much electricity it will use.
Tankless water heaters use less energy than traditional water heaters, so if you’re looking to reduce your carbon footprint or simply want to save money on your utility bills, opting for a tankless water heater might be a good choice. To find out how much electricity a tankless water heater uses, check out our guide below.