A key consideration for many households, when installing a new water heater, is whether the initial cost will be worth it over the life of the new equipment. To answer that question, let’s explore the core factors that will determine your initial expenses and potential long-term savings.
Current Water Heater Considerations
Water heaters tend to lose efficiency over time through normal use, especially without routine maintenance. If your current unit is older than 15 years, it may be operating at an efficiency level 10% or more below its original output. Another consideration is that technologies have improved, and modern systems are more efficient than those manufactured a decade ago. Older systems are often more prone to repairs and additional maintenance. Even if those costs are small, they add up, and you’ll want to factor them into your decision.
Custom Load Calculation
With tank water heaters, precise sizing is crucial to minimizing your long-term costs. If a tank is too big for your household, for instance, you’ll lose money every day in standby losses. A professional installer will accurately assess the tank size you need for your home.
Energy Incentives
Incentives can lower your initial costs and help you recoup your investment sooner. There are often rebates available for ENERGY STAR water heaters through manufacturers, local utilities, and other sources. You may also qualify for a federal tax credit.
EnergyGuide Label
All water heaters sold in the U.S. have a yellow EnergyGuide label, which is also available online. Among other details, this label provides an estimated yearly energy cost. Estimate what you’re paying now for water heating and compare the two amounts. That will give you an idea of how long it will take to recoup the initial expense minus any incentives.
Other Energy Efficiency Considerations
The industry uses the Uniform Energy Factor (UEF) to measure water heater efficiency. The higher the UEF, the lower the operating costs. You can use this value to compare one water heater to another.
Be mindful that electric water heaters are generally at or near 100% efficient. The standard fuel-burning water heater is around 80%, but fuel is typically much cheaper than electricity. In addition, you can choose a high-efficiency fuel-fired water heater that is at least 90% efficient.
Plumbing and Electrical Upgrades
Electrical and plumbing upgrades can drive up your costs. While they may be worth it eventually, they make it more difficult to recoup the investment in a water heater over its life. This is often a consideration when switching from electric to gas or tank to tankless.
We are here to answer all your questions. Contact PHD Plumbing for installation and maintenance services for water heaters in Yuma, AZ.