How A Tankless Gas Water Heater Can Save You Money

By | February 11, 2018

Installing a tankless gas water heater is a very worthwhile investment and one that will pay for itself in a very short period of time. Most models last a minimum of ten years so you won’t have to make the investment again for quite some time. The main ways tankless gas water heaters save you money is on your heating bill. This is because the water is only heated as you need it rather than continuously. Since there is no tank to worry about, you won’t every have to deal with the expense of household items being ruined due to a leak like you do with conventional water heaters.

Lowering the heating temperature will also result in you saving more money. With conventional water heaters this can be tricky. However, the process is very easy with a tankless gas water heater. You can use a remote panel that is mounted on your wall to adjust the temperature for various water outlets.

If you are like me, you want the shower to be extremely hot, but you may be able to reduce the temperature for your sinks and your washing machine. For each 10 degrees you lower the temperature you will see an average of a 5% reduction in your energy bills. Lower temperatures have also been proven to make your tankless gas water heater last longer because less minerals and corrosion will build up. Consider insulating your water heater pipes as well, especially if the water is traveling three feet or more from the unit’s location. Visit to learn more about tankless water heaters.

It may surprise you, but many people decide to install a tankless gas water heater because they need the closet space! They compared prices and found it to be less expensive to invest in the water heater and gain a closet then to remodel their house so that they can have the extra space available. Home remodeling is often expensive and time consuming. This option is fast and it has multiple benefits, including gaining that closet back.

Many tankless gas water heaters qualify for the $300 Federal tax credit, so you will get a well deserved break in that direction. Make sure you inquire about this while shopping around for one. Some home insurance companies will also give you a discount on your home owners insurance if you install a tankless gas water heater. In most cases, the savings are even more if the water heater is installed outside.

While a tankless gas water heater is quite an investment, it will pay for itself over time. The best part is that once it has paid for the investment, you will keep saving money each month. Since most models last for a minimum of 10 years, you will be able to find many ways to use the money you save with lower energy bills when you install a tankless gas water heater.

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