An
energy efficient hot water heater can save you hundreds of dollars
per year. If you are looking to save money and inefficient hot water
heater is one of the first things to replace. Chances are if you're
hot water heater is more than 10 years old it is not nearly as efficient
as new units. In addition, the older it is the more likely it is to
break and leak.
When you purchase an energy efficient hot water heater you must first
determine the size of the heater needed. You should perform an audit
of your hot water needs and calculate how often your household does
laundry, takes showers, runs the dishwasher, etc.
The energy efficient hot water heater that will save you most money
is tankless. While a tankless hot water heater can cost $1000 more
to install than a traditional heater, spending the money upfront will
save you money in the long run. The cost of running a tankless heater
is 20% to 30% less; this will save you a lot of green if your heater
lasts 10 to 15 years.