What are the savings associated with an ECOSMART Tankless Water Heater?
The most basic difference between the savings associated with tankless water heaters compared to storage tank water heaters is the amount of time and energy usage associated with operation. Electric tankless water heaters consume more energy than a tank heater at the time of use, but they consume the energy for a lot less period of time. The net effect is up to a 60% reduction in water heating costs.
Below is a visual representation of the above mentioned concept with data reported by independent third party testers. It represents how the storage tank heater remains drawing power long after the demand for hot water has ended. In this case, the tank heater consumed energy for 34.5 minutes for only a 10 minute shower. The storage tank heater also consumed a total of 2.5 KWH compared to the ECO 27, which only consumed 1.6 KWH. The steadiness of the represented ECO 27 data is also an accurate visualization of the precision of the Self-Modulating Technology, which allows for very minimal variation in the energy consumption.
Product Safety Consulting, Inc. (“PSC”) is an internationally recognized product testing firm accredited by numerous reputable organizations. PSC administered several tests simulating every day hot water usage and compared the resulting energy consumption between an ECO 27, ECOSMART's largest model available, and a Rheem 40 gallon water heater. Based on an average 10 minute shower consuming 2 gallons per minute the ECO 27 confirmed a 37% savings in energy consumption. This savings is based on a usage comparison and does not include the energy loss associated with Standby-by Loss and Cycling Loss which can account for up to 20% of energy loss. Including this loss, the ECO 27 consumes up to 57% less energy than a standard electric storage tank heater.