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Cost Analysis Tankless Water Heaters vs Tank Water Heaters 2016

Posted on: February 8th, 2016 by admin
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Have you been trying to decide if you should get a tank water heater or a tankless water heater? This water heater cost analysis will help you determine if you should get a tank or tankless water heater.

Cost of an Average Tank Water Heater Over Twenty Years

Installation Price of Tank Water Heater: $400 (Can be anywhere in range of $300-$550)

Need a new tank water heater in 10-15  years: $400 more

$400 + $400 = $800 total

Cost of an Average Tankless Water Heater Over Twenty Years

Installation Price of Tankless Water Heater: $1200 (Can be anywhere in range of $800-$1500)

Subtract the $200 special offer discount we are currently offering

Subtract the $200 rebate Peidmont gas is offering for switching to a tankless water heater

Tankless water heater should last for 20 years

$1200 – $200 (special offer) = $1000

$1000 – $200 (rebate) = $800 upfront cost

Total cost for tankless water heater: $700 after special offer and tax credit for a water heater that will last twice as long as traditional tank heater.

** Big Bonus: $1400 average savings in energy costs over 20 years

Subtract the 40% you will save on energy costs (Average savings of $70 per year. $70 x 20 years = $1400. That’s $1400 in energy cost savings over the course of 20 years!)

Cost Analysis Tankless and Tank Water Heaters

If you’re buying a water heater and don’t plan on staying in your home for more than ten years, the tank heater is the most cost effective way to go. You’ll pay about $70 more per year in energy costs, but will have a lower initial investment. Check out our tank water heater installation services here.

If you plan on living in your home for 20 years, the tankless water heater is undoubtedly the best way to go. The special offer and tax credits bring down your initial investment cost, and the $70 average savings in energy costs each year add up to a whopping $1400 savings over the 20 years.

Charlotte Tankless Water Heater Installers

We’ve got 20 years of experience serving the Charlotte region (anything within 30 miles of Charlotte.) We have rock solid relationships established with the following tank and tankless water heater suppliers:

Rheem tankless water heaters

Rinnai tankless water heaters

Noritz tankless water heaters

State tankless water heaters

We know water heaters. We’ll help you size and choose the right water heater for your home.

Call us at (704) 935-4084 for details. We’ll help you decide which type of water heater is right for your home.

Rock Hill Tankless Water heater

Cost analysis tank vs tankless water heaters in Charlotte NC

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Charlotte Tankless Water Heaters
1235-E East Blvd, Ste E-279
Charlotte, NC 28203
(704) 935-4084
Service Area Locations include: Charlotte NC, Matthews NC, Pineville NC, Fort Mill SC, Belmont NC, Harrisburg NC, Huntersville NC, Indian Trail NC, Concord NC, Dallas NC, Cornelius NC, Edgemoor SC, Davidson NC, Mount Holly NC, Rock Hill SC, Waxhaw NC, Lowell NC, Gastonia NC, Mineral Springs NC, Monroe NC, Clover SC, Bowling Green SC, Midland NC, Catawba SC, Stanley NC, York SC, Alexis NC, Mount Mourne NC, Wingate NC, Newell NC, Cramerton NC, Locust NC, Stanfield NC, Lando SC, Bessemer City NC, Denver NC, Iron Station NC, High Shoals NC, Kannapolis NC, Mc Connells SC, Lancaster SC, Kings Mountain NC, Marshville NC, Fort Lawn SC, Oakboro NC, Mount Pleasant NC, Landis NC, Lincolnton NC, Crouse NC, China Grove NC, Chester SC, Pageland SC, Rockwell NC, Gold Hill NC, 28006, 28012, 28016, 28023, 28025, 28026, 28027, 28031, 28032, 28033, 28034, 28035, 28036, 28037, 28052, 28053, 28054, 28055, 28056, 28070, 28071, 28075, 28077, 28078, 28079, 28080, 28081, 28082, 28083, 28086, 28088, 28092, 28093, 28097, 28098, 28101, 28103, 28104, 28105, 28106, 28107, 28108, 28110, 28111, 28112, 28120, 28123, 28124, 28126, 28129, 28130, 28134, 28138, 28163, 28164, 28173, 28174, 28201, 28202, 28203, 28204, 28205, 28206, 28207, 28208, 28209, 28210, 28211, 28212, 28213, 28214, 28215, 28216, 28217, 28218, 28219, 28220, 28221, 28222, 28223, 28224, 28226, 28227, 28228, 28229, 28230, 28231, 28232, 28233, 28234, 28235, 28236, 28237, 28240, 28241, 28242, 28243, 28244, 28246, 28247, 28250, 28253, 28254, 28255, 28256, 28258, 28260, 28261, 28262, 28265, 28266, 28269, 28270, 28271, 28272, 28273, 28274, 28275, 28277, 28278, 28280, 28281, 28282, 28284, 28285, 28287, 28288, 28289, 28290, 28296, 28297, 28299, 29703, 29704, 29706, 29708, 29710, 29712, 29714, 29715, 29716, 29720, 29721, 29722, 29724, 29726, 29728, 29730, 29731, 29732, 29733, 29734, 29744, 29745