Battle of the Water Heaters

Because you’ve asked, here are the answers to some frequently asked questions about the cost savings between traditional gas hot water tanks, Energy Star© certified gas hot water tanks, tankless water heaters, and electric hot water tanks!


Gas

Round 1: Traditional Gas vs. Energy Star©

What is the average operational cost difference between a regular gas water heater and an Energy Star© certified gas water heater?

Traditional Gas: Average savings for a family of 5 is $300; Average savings for a family of 2 is $164

Energy Star©: It is estimated that installing the same size hot water tank in an Energy Star© certified model will save you 12-18%. You can calculate your energy savings using this handy calculator on the FortisBC website. Energy Star© water heaters are eligible for a $200 rebate too!

 

Round 2: Traditional Gas vs. Tankless Gas

What is the average operational cost difference between a regular gas water heater and tankless gas water heater?

Traditional Gas: Average savings for a family of 5 is $300; Average savings for a family of 2 is $164

Tankless Gas: Average savings for a family of 5 is $201; Average savings for a family of 2 is $110 (33% savings per year). Tankless water heaters are eligible for $400-$500 rebates too!


Electric

Round 1: Traditional Gas vs. Electric

What is the average operational cost difference between a regular electric water heater and a gas water heater?

Traditional Gas: Average savings for a family of 5 is $300; Average savings for a family of 2 is $164

Electric: Average savings for a family of 5 is $663; Average savings for a family of 2 is $362

 

Round 2: Electric vs. Gas Energy Star©

What is the average operational cost difference between a regular electric water heater and an Energy Star© certified gas water heater?

Electric: Average savings for a family of 5 is $663; Average savings for a family of 2 is $362

Energy Star©: It is estimated that installing the same size hot water tank in an Energy Star© certified gas model will save you 12-18%. You can calculate your energy savings with this home energy calculator on the FortisBC website. Energy Star© water heaters are eligible for a $200 rebate!

 

Round 3: Electric vs. Gas Tankless

What is the average operational cost difference between a regular electric water heater and tankless gas water heater?

Electric: Average savings for a family of 5 is $663; Average savings for a family of 2 is $362

Tankless Gas: Average savings for a family of 5 is $201; Average savings for a family of 2 is $110. Tankless water heaters are eligible for a rebate of $400-$500!

The Winner in Energy Savings:

The obvious winner is the gas tankless water heater, with its high efficiency and conveniently small size, this unit is small but mighty. If you have a smaller budget, but are still energy conscious and would like a gas rebate, the next choice would be an Energy Star© certified hot water tank. However, if your home is powered by electricity and you can’t switch to gas (or don’t want to), there are also high efficiency electric water heaters available (note: these don’t currently qualify for rebates).

Give us a call to discuss your options and get a free quote! Plus, mention this blog for a discount!

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