For an electric model assuming energy costs of 0 132 per kwh the payback time to replace a conventional electric tank with an electric tankless ranges from 12 to 20 years.
Replacing electric water heater with tankless.
Replacing your standard water heater is expensive since tankless systems can be up to 80 more expensive than a tank water heater.
A tankless water heater has no tank you re welcome.
In any case when you re planning a water heater replacement play it safe.
Here are the steps we took to convert from a propane powered water heater to an electric tankless water heater.
This takes into account the additional installation costs.
Switching to tankless water heaters isn t that hard.
How to switch from propane tank water heater to electric tankless water heaters.
If you have an electric water heater the nameplate will also list the wattage capacity and voltage of the heating elements.
Tankless water heaters can be powered by gas or electricity but even gas powered tankless water heaters rely on an electric control panel to operate the system.
Department of energy estimates that in homes using 41 gallons or less of hot water on demand tankless units can conserve between 24 to 34 more energy than tank water heaters.
Now that you have decided to replace your tank hot water heater with a tankless hot water heater you will be saving as much as 100 or more annually on your water heating bills.
This information will serve as the starting point in your search for replacement parts or a new water heater.
In regards to installation there are many things to worry about.
Call your local department of inspections and ask if you need a permit.
Tankless water heaters also known as on demand water heaters are quite popular with forward thinking homeowners and for good reason.
The higher the energy factor the more efficient the water heater.
For help choosing a water heater read our water heater buying guide.
For a household of one or two people a tankless electric unit will probably be adequate.
So regardless of the type of tankless water heater you have you ll be out of hot water in the event of a power outage.
Today tankless water heater energy factors range between 64 and 91 for gas fired models and up to 99 for electric models.