2% of members are saving with this action!
Tankless (On-Demand) Water Heaters are much more efficient than tank systems; up to 25% more. They also have a much longer operating life than tank heaters. Most tank heaters last less than 10 years, whereas tankless last up to 20.
The difference in unit lifetime, plus the savings in operating costs, pays back most, if not all, the total up-front investment in the heater.
The large difference in up-front cost is due to the different scenarios of a) purchasing a new tank heater compared to a tankless heater vs. b) replacing a functioning tank system at the higher end.
Benefits and costs
|Annual CO2 Savings||135 - 360 kg|
|297 - 792 lbs|
|Annual Cash Savings||$40 - $390|
|Initial Cost||$600 - $1,600|
|Time to pay for itself||2.0 - 40.0 years|
|CO2 saved per year per initial dollar invested||0.08 - 0.60 kg|
* These value ranges were taken from many sources including product documentation, published reports, and the reference material linked here.
If everyone did this ...
If every household in the US did this, it could save a collective 47,520,000 tons of CO2 per year!
This would be equivalent to:
- Taking 9,317,647 cars off the road for a year
- Producing 3,572,932 tons of Beef
Visit How Much CO2 Is That? for more information.