Today’s average consumer is looking to update their residential appliances to save on energy and reduce their carbon footprint. On the contrary, traditional storage tanks will heat the water, again and again, using more and more energy to keep your water hot when you need it. Tankless water heaters are a popular investment that helps with these energy-saving efforts. Tankless heaters save energy usage by generating hot water instantly using high-powered gas burners or electric coils.
Tankless water heaters are also more sustainable and eco-friendly. They are smaller than traditional heaters, offering space-saving properties. Gas-powered tankless heaters work approximately 22% more efficiently compared to conventional heaters. Let’s explore some additional benefits before you decide to invest.
Benefits of Tankless Water Heaters
Tankless water heaters offer the following benefits:
Instant Hot Water
Using tankless water heaters provides a continuous flow of instant hot water. Instead of waiting for your water heater to heat the supply, water is heated on demand. This means your supply never runs out, and you can take advantage of fresh hot water at all times.
A high-quality conventional water heater lasts for about a decade. Still, tankless heaters can last as long as 20 years or more with the proper maintenance. This longer-lasting lifespan isn’t just convenient, but it also saves you time and money.
There are several cost-saving advantages to tankless water heaters. While the systems cost more at the outset between equipment and installation, they give a better return on your investment. You’ll take advantage of saving hundreds of dollars a year in energy and water costs. Plus, their extended lifespan will help you save on replacement costs.
Tankless water heaters also save space when installed. Unlike traditional water heaters, they don’t need a significant amount of space. Since the tanks don’t hold your water supply, they are much smaller. You can fit them into smaller, hidden areas, and some can even be mounted to save additional space.
Eliminate Standby Energy Loss
Traditional water heaters store your water supply in a tank where it stays heated. As the water cools down, the system automatically kicks on to bring it back to temperature. The energy used in this process is standby loss because your system continues to heat the water even if you don’t need it. With tankless systems, hot water is called on-demand. This eliminates standby energy loss, saving you money and reducing your overall energy consumption.
Another benefit of tankless heaters is that most reliable systems come with more extended warranties. If you need to have early repairs or replacements, the warranties will usually kick in. This saves you money and ensures your peace of mind.
Are There Any Downfalls to Tankless Water Heaters?
The only downfall some people find with tankless water heaters is the initial investment. Since it costs more for equipment and installation upfront, many people aren’t sure to invest.
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