Did you know that water heating can account for 14%–25% of the energy consumed in your home. That’s why we spend more money on electricity during the winter months. Most water heaters lasts 10 to 15 years. But many more last even longer. Our water heater is supposed to last 10 years but it’s still running great. Like most families, we will not consider replacing it until it’s done. But if you’re thinking about reducing energy cost and are in the market to purchase a new one, you have a lot to consider when selecting a new water heater for your home. The rule is to select a water heating system that will not only provide enough hot water but also that will do so energy efficiently, saving you money. This includes considering the different types of water heaters available and determining the right size and fuel source for your home.
There are many types of heaters available on the market now and you need to know the difference before making a purchase. Do you want the conventional storage water heater, the tankless, the solar water heater, or the tankless coil and indirect water heaters? What about the fuel type and its cost, the size, and energy efficiency? The good news is that most heaters are much more energy efficient than the old models. So even if you just opt for an exact type like your old heater, it’ll still save you money. So do your research before heading out to the store.
Source: U.S. Department of Energy