Electric Storage water heater to Gas Tankless water heater?

I am going to have to say no. Why? Simply for the fact that a 50 gallon water heater now a days usually is good enough for a house hold of 4. Two parents and two teens.

when you convert to a tankless and start shopping around sure you'll find some good ones for about $1000-$1800 and all the rebates, but the reality is after installation costs, proper gas meter size, sometimes up-sizing your 3/4" gas line if you have one to 1" and many venting modifications, you definitely can be looking at a lot more cost up front.

A simple 66 gallon or 80 gallon electric water heater will do you and your up-sizing family just fine. Unless you planning on running hot water all day long.

As it pertains to efficiency the newer water heaters are insulated pretty good and if it's located in an area of your home where it stays warm and not really that code...you don't really get much heat loss.

Last thing: if you do decide to stay with electric water heater, just be sure and get a 2" insulation pad to place underneath the water heater if it's located directly on a concrete. It helps with heat loss. Bottom of water heaters are not insulated and concrete conducts heat, so the pad will complete the full insulation of the water heater.

Hope this helps,

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It's hard to say what you'd actually save on the utilities, but you would save something. You'd also save some space. You'd never run out of hot water. And they last longer than a tank water heater.

$900 is the absolute cheapest price for an installed tankless I've ever heard - it's a little less than the cost of a good unit by itself. Note that the better units are from Noritz, Takagi, or Rinnai.

i wouldn't if my light bill is only $60 a month. I change from a tank to tankless water heater, i personally can see a savings in my light bill after i add my gas bill to it. not saying i'm not saving but i just can't feel it. there are advantages and disadvantages to a tankless water heater. main advantage-never run out of hot water. main disadvantage-takes twice as long to get the hot water to the faucet than with a tank water heater.

You said 2002, so your current unit is on it's way out. Gas is always cheaper than electric. Tankless ? Yes. You only pay for what you use. By all means, you are certainly making the right decision.

The only down side to tankless water heaters is the fact that you don't run out of hot water.

ie. someone likes long hot showers and doesn't take of business while in there. This would be the only way your bills go up.

I replaced my 30 gal. gas water heater with a Takagi Jr tank-less heater and saved about $20 a month. It was worth it, but keep in mind, unless you can "direct vent" it Thu your basement wall, The stainless steel chimney pipe is expensive. The unit cost me $450.00 The chimney pipe was $500.00 (14 foot, pipe, cap and roof collar). The best thing is I have endless hot water, and at any temp. I want it at. I also did the install myself and was easy if you know how to solder pipe.

Do it. You'll be glad that you did. Takes about five years on average to recoup the savings from the initial investment. Why keep reheating 50 gallons of water 24 hours a day?

if your only paying 60 a month i wouldnt