Energy Star High Efficiency Hot Water Tanks
We have received many
emails and phone calls from local Ottawa residents asking for additional information about the new Energystar high
efficiency hot water tanks. We believe you have the right to know the truth about the products on the
market today both the benefits and disadvantages (if any).
This information is
provided to help dispel common myths around water heaters.
Before understanding
what an Energy star high efficiency natural gas hot water tank is - it is important to first establish what is
high efficiency.
Efficiency refers to
how well a unit converts energy.
Fuel (electric, gas or
propane) goes in and then gets burned off to heat water. The more
efficient the unit the less fuel it takes to heat the same amount of water. Less fuel also means less waste on the
environment.
Like a fuel efficient
car, we want the highest fuel efficiency we can afford so that we get more for our money with less waste.
A hot water tank that
is 60% efficient will use less fuel to heat the same amount of water compared to a hot water tank that is only 50%
efficient. This higher efficiency saves you money on every gallon of hot water you heat.
Natural gas hot
water tanks (both natural draft and power vent) all range in energy efficiency at somewhere between 45%
and 64%. This efficiency however drops for each year the unit is in use (due to build up of sediments in the
tank).
An energy star high
efficiency hot water tank label simply means that the unit is a minimum of 62% efficiency. This is where the label becomes misleading – 62% is NOT energy efficient, it is
simply more efficient than the previously available lower efficiency models.
Currently there are
government energy grants that are available to homeowners in Ontario who replace their old hot water tanks with
high efficiency water heating systems.
WARNING: energy star
high efficiency hot water tank models DO NOT qualify for these energy grants simply because they are not considered
energy efficient by the government. What the government requires is
82% efficiency or better.
If you are looking for
high efficiency water heating you do have a few options available to you but it certainly won’t be a high
efficiency energy star hot water tank at only 62%. All of the
following water heating systems qualify for government energy grants:
·
Instantaneous tankless water heater (82%
efficiency)
·
Condensing hot water tank (89%
efficiency)
·
Condensing Instantaneous tankless water heater
(93% efficiency)
Here is the drawback
however: This better technology costs more just as a hybrid car costs more.
The more efficient the
unit – the higher the price tag.
What this means is the
average homeowner will not be able to afford the top of the line high efficiency water heating system. Only the
rich will be able to afford that kind of technology.
Right now however there
is some good news.
The average homeowner
can upgrade from a power vent gas hot water tank to an instantaneous tankless water heater for close to the same
price (after current rebates & grants).
Most homeowners who
switch from a gas fired hot water tank to an instantaneous tankless water heater also average about $200 a year
savings on their gas bill.
This means that the
unit will pay for itself in just a few short years while lasting twice as long as a hot water tank. (The average
hot water tank lasts 10 years, the new tankless water heaters last 20 years). When you look at it this way going tankless is much cheaper for the average home
owner.
After your home heating
costs the next most expensive utility you pay is for your hot water. If you are renting your hot water tank you
could be paying four to five times the price of a new hot water tank just for the privilege of renting an old
inefficient hot water tank.
Of course there are a
few circumstances that make renting a wise decision (such as you plan on moving out next month) but if you are
planning on living in your home for more than 3 years it will pay to take a look at your actual water heating
costs.
Regardless of what you
decide to go with, it’s important to know what options you have so that you can make an informed
decision.
It’s your home, your
money, your future.
Have more
questions?
We can
answer your water heating questions by calling 613-224-0041
Click here to read more about money saving rebates
& tax credits available just for going tankless!
Our Tankless Water Heating System qualifies for Government Rebates
for more information you can click here to download a free brochure from Natural Resources
Canada.
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Ltd.
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