Let’s face it, not many people give their hot water heater a second thought…until it breaks down of course. You may consider buying another water heater or perhaps opt for a tankless model. Many homeowners don’t really consider a tankless water heater mainly due to its price. Fair enough.
However, what isn’t really considered are the benefits of a tankless water heater and the consequences in the long run, which can actually end up saving you money and therefore, recouping the initial investment. Let’s take a closer look at the big picture of a tankless hot water heater and the advantages of having one.
1. Save Energy & Money
Since tankless water heaters work on demand, their energy consumption is much reduced when compared to its traditional counterparts. At the end of the year, this equates to less money spent on operating costs. Tankless water heaters heat up water only when you need it, so energy is conserved (and money), otherwise you end up heating and reheating the reserve water, which just sits there until needed.
2. Save Water
With a tankless system, you get immediate hot water. With traditional tanks, you may have to let the water run a little before it turns warm and then hot. Any faucet in the home can be subjected to this. This is a waste of water. At the end of the year, it can add up, so why waste the water?
You also don’t have to worry about replacing tankless water heaters because they also last longer than traditional water heaters. Your typical tank water heater may last about ten to fifteen years. A tankless water heater can last for well over twenty years. A tankless system also has parts that are easily replaced which can add to its longevity.
In fact, there are less things that can go wrong with a tankless system. If there are problems, they can be taken care of quickly, easily and with less expense. The other thing (and this can be a huge headache that some homeowners have faced) is that when a hot water tank breaks, it can release over 50 gallons of water. This can cause floor damage, moisture, mould, damage to belongings and other things that can cause you to scream! If a tankless heater breaks, there is hardly a problem, since it does not store water.
4. Save Space
Traditional tank heaters are about 60 inches tall and about 24 inches wide. A tankless heater is about 28 inches tall and 20 inches wide. In fact, you don’t even need a separate closet to house it, since it is compact and fits along the water line, so there’s more room for storage. You could also go with a smaller unit to save more space. You don’t need to have a separate closet to house it.
Tankless systems are also easily customized, so if your family grows, it can be easily upgraded as your needs change. The biggest advantage of a tankless system comes down to saving energy and money. Your hydro bill can be reduced and it is also environmentally better. Not only is less fuel needed, but it’s use of fuel is efficient. Speak to a qualified plumber if you are thinking of having your tank replaced.