Are you in the market for a new water heater? If so, you may be a bit overwhelmed by all the options out there.
While there are a lot of options for water heaters on the market, there are three key factors to consider when you’re upgrading to a new one.
You can choose between a conventional storage water heater with a tank or a tankless water heater. Both have advantages. Which one is right for you depends on your needs and your budget.
Conventional storage water heaters with a tank are less expensive to purchase and install. We will work with you to make sure you get the right tank size to meet your family’s hot water needs.
Tankless water heaters give you all the hot water you need, on-demand. While they are more expensive up-front than water heaters with a tank, they make up for that with dramatic savings on energy costs. You can lower your water heating energy costs by one-third or more! Without a tank, tankless water heaters take up less room, giving you more options for installation.
Water heating makes up about 20% of your home’s energy costs. Getting the most energy-efficient water heater you can afford will make a difference in your energy costs.
One thing to look for when comparing water heaters is the Energy Factor (EF) rating, which rates a water heater’s overall energy efficiency based on the amount of hot water produced per unit of fuel consumed over a typical day.
The higher the EF, the more efficient the water heater is. Here is what goes into the EF rating:
Recovery efficiency: How efficiently the heat is applied to the water
Standby loss: The percentage of heat loss per hour of the stored water
Cycling loss: The loss of heat as the water circulates through the unit
Your new water heater is a big investment in your home’s comfort, and you’ll have it for many years.
To help determine what a water heater will cost you over its lifetime, there are a few things you need to know. One is the Energy Factor rating. Another is the rate for your fuel.
For a propane water heater, the U.S. Department of Energy has a calculation to help you determine cost of operation:
365 X 41045 ÷ Energy Factor X Fuel Cost (British Thermal Units, commonly called BTUs) = annual cost of operation.
Contact us for a FREE estimate on a new water heater for your home!