Tankless water heaters are “in” with many claiming they are the most efficient water heaters on the market. But that efficiency comes at a high price. They are twice the cost of traditional water heaters, as a general rule. Installation is also generally more expensive. Switch a Tankless water heaters require special circuitry or piping depending on the model. With all of this upfront cost in consideration, it makes sense to just buy the best model you can afford. What is all the hype about? Not only are tankless water heaters highly efficient, able to pay for themselves within a matter of years and prevent significant expenditures down the road, but they are also environmentally friendly. But they are also convenient, providing unlimited hot water and taking up very little storage space.
Benefits For Switch To a Tankless Water Heater
- Unlimited Hot Water
- Energy Efficient
- Take Up Less Space
- Longer Lasting
- No Possibility of Home Flooding
- Increased Property Value
1. Unlimited Hot Water
Traditional water heaters keep a reserve of hot water on hand. Tankless water heaters heat water in the moment it is needed. When the hot water tap is turned on, cold water runs through an electric element or source of heat that heats the water. The hot water runs through the hot water tap, where it is delivered to the tap instantly. Tankless water heaters provide continuous hot water supply. Whereas traditional water heaters run out after the tank is emptied, tankless water heaters keep going. However, tankless water heaters can only provide so much output per minute. You will want to make sure that your tankless water heater has enough flow capacity for your home.
2. Energy Efficient
According to the U.S. Department of Energy, homes that use 41 gallons or less of hot water daily, delivered via a tankless water heater, [can] experience 24-34% more energy efficiency .Many homes have installed geothermal systems instead of using a traditional water heater. Geothermal systems use underground heat to keep water hot and ready for use, even when the power isn’t running. This is called “standby heat loss.” Tankless water heaters only need enough energy to heat the water necessary in the moment.
3. Take Up Less Space
Tankless water heaters save space and money. You can mount them on a wall, in a storage closet, or even in your home’s attic.
Tankless water heaters last for about 15 years. Whereas traditional water heaters can last for about 10 years, tankless water heaters can last for 20 years.
5. No Possibility of Home Flooding
Traditional water heaters have the risk of a tank leak or burst, causing home flooding. By name, tankless water heaters have no tank, eliminating this risk. While the author doesn’t explicitly state it, this could be seen as a potential area of savings for homeowners.
6. Increased Property Value
In the winter, heating bills can be quite high. When people choose a tankless water heater, they are able to save money by reducing their heating bill. Homeowners who use tankless water heaters can save $100+ per year. Tankless water heaters can last longer, meaning more time before the next purchase and installation cost.
expensive water heaters may seem expensive at first, but they are well worth the cost.