While the type of energy readily available to your home will typically drive the type of water heater you select, those looking to achieve improved efficiency and cost savings with a hot water heater upgrade often find themselves peeking over the fence to see if the grass is greener on the other side. If your existing water heater is gas or electric, should you switch?
Which type of water heater is better?
According to research, your best bet for a fuel source is going to rely largely on the type of water heater you select: Traditional storage tank-style or tankless.
How much does it matter?
Water heating comprises about 20% of your monthly energy dollars. The second most costly appliance to run in your home following your HVAC system, the Department of Energy has recently raised efficiency standards for these appliances. Tank style models under 55 gallons now see a 4% boost in efficiency. Larger units (55 gallons or more) offer more substantial savings – a whopping 25-50% depending on the technology used. Turn down your water heater 10 degrees Fahrenheit to net another 3-5% savings. Add to that a more affordable fuel source (where available) and you could save some serious dough.
Ready to gas it up?
A knowledgeable HVAC professional can help you fully understand new regulations as well as the cost/savings benefits off adding a particular model of water heater to your home. To discover how much you could save, schedule a free consultation with an H & H Heating & Air Conditioning technician today.