Heating your home’s water is the second-largest user of energy in your home, accounting for 14-25 percent of overall household energy consumption. We know you’re concerned about the planet, but we also know you need plenty of hot water. With a tankless propane home water heater, you don’t have to give up the things you want to help the environment. Here are five reasons choosing propane service to heat your water is the best choice for your home, wallet and the environment.
1. Propane tankless water heaters save money.
In addition to costing about 60% less to operate than a standard electric unit, tankless systems offer homeowners exclusive tax credits and savings. To qualify for the Individual Tax Credit, propane water heaters must have an energy factor of at least 0.82 or a thermal efficiency of at least 90%. Water heaters are eligible for a credit of up to $300. ThompsonGas also offers a $300 customer credit for conversion of electric or oil fired hot water heaters to residential propane.
2. Propane tankless water heaters are cheaper to install.
According to a Propane Education & Research Council (PERC) research study, electric heat pump water heaters cost 34% more to install in new homes and 18% more in retrofits than propane, on average. Because of their exacting installation requirements, they tend to cost more in additional materials and labor than propane.
3. Tankless water heaters offer better long-term value.
According to PERC’s study, electric hot water systems cost about $40 less to operate annually, but their full cost of ownership is 18% higher in new homes and 13% higher in retrofit projects than propane. This is because home propane tankless units last longer, about 20 years compared to 15 years for electric.
4. Tankless units perform better.
With a tankless propane water heater, you’ll heat your water nearly twice as fast and only when it’s needed. This eliminates standby losses that occur with hot water storage tanks with a typical electric water heater.
5. Propane tankless water heaters are better for the environment.
Propane is clean and energy-efficient. Because they heat water on demand instead of storing it in a tank, propane tankless water heaters give off less than half the carbon emissions of electric units. They can save the average American family 10-20% of their daily water use.