Is your old storage tank water heater showing its age? Are you considering a new tankless water heater? Tankless water heaters, also known as on-demand heaters, have grown in popularity over the last few years. Most homeowners are becoming more interested in building a more energy-efficient home, and the on-demand water heater is a step in the right direction. Standard storage tank heaters must continually heat and reheat water, while tankless heaters generate hot water on demand. Tankless heaters use high-powered gas burners or electric coils instantly heat water, providing an endless stream of hot water.
A Projected Savings Of $1800 Over Its Expected Lifetime
An Energy Star-labeled water heater can save a family of four $95 per year in energy costs and $1,800 over its projected lifetime. In addition, some energy companies across California offer rebates for purchasing an Energy Star-labeled tankless water heater. Planning is required when installing a new on-demand heater. By no means is this a project for the do-it-yourselfer, only choose a licensed, certified plumbing specialist.
You’ll Receive A Constant Stream Of Hot Water
Let’s look at some of the pros and cons of owning a tankless water heater. The first pro is the speed at which hot water gets delivered to your showerhead or faucet. Once the remaining cold water in the pipes is removed, your water is instantly hot. A few seconds is all it takes, and you’ll receive a constant stream of hot water. The con is inconsistent temperatures when more than one person uses hot water simultaneously. For example, if two showers are going and someone is doing a load of laundry, your heater will not always keep up with the demand in most cases. Consult with your plumbing expert for the right size water on-demand heater for your family.
Tankless Models Will Usually Last Twenty Years Or More
Another pro of on-demand heaters is their longer lifespan. Most storage tank models will generally last ten years, whereas tankless models will usually last twenty years or more. The downside is that on-demand heaters cost much more to install, but the comparable saving you’ll receive over its lifespan should make up for much of the costs. In rare cases, your plumbing contractor may need to reroute a gas line adding to the installation cost.
While tankless heaters have all the benefits a homeowner would ever want in a heater, they are still considered a luxury. In addition, most older homes will require some repiping, and these costs will add up. When you’re considering an on-demand tankless heater, count the costs. Work closely with your plumbing professional.
As Much As 22% Lower Energy Costs
According to Consumer Reports, homeowners can experience as much as 22% lower energy costs compared to a more efficient storage tank model. In addition, an Energy Star-labeled heater may also be entitled to a tax credit. Generally speaking, tankless water heaters are more efficient than storage tank water heaters because they only heat water on demand rather than constantly keeping a large tank of water hot. This means that tankless water heaters use less energy overall, which can translate into lower monthly energy bills.
Save As Much As 30% In Energy Costs When Compared To An Old Tank Style Heater
According to the U.S. Department of Energy, homeowners can save up to 30% on their energy bills by switching to a tankless water heater. However, these heaters can be more expensive to purchase and install initially compared to traditional storage tank water heaters. Nevertheless, switching to a tankless water heater will save you money on energy bills compared to a traditional storage tank heater. However, the amount of savings you can expect will depend on several factors, including the size of your household, your hot water usage patterns, and the efficiency of your current water heater.
Tankless Units Are Much Smaller Than A Storage Tank Heater
A tankless water heater can save you significant space compared to a traditional tank-style water heater. While the size of a tankless water heater can vary depending on the specific model and manufacturer, they are generally much smaller than traditional water heaters. Especially in smaller homes where space is a commodity, the extra space is a welcomed benefit. Traditional water heaters typically have a tank that can hold anywhere from 40 to 80 gallons of water, depending on the size of the unit. Unfortunately, these tanks can take up significant space, often requiring a dedicated utility room or closet.
Tankless Water Heater Will Save A Significant Amount Of Space
In contrast, tankless water heaters are much more compact and can be mounted on a wall or installed in a small space. Some models are as small as a briefcase, making them ideal for apartments or smaller homes.
So, the exact amount of space saved will depend on the size of your current water heater and the specific tankless model you choose, but in general, a tankless water heater can save you a substantial amount of space.
An On-Demand Tankless Water Heater May Increase The Value Of Your Home
In general, the consensus is out, and most real estate agencies will tell you that an on-demand tankless heater will improve the value of your home. In addition, many real estate websites may list energy-efficient features, such as a tankless water heater, as potential home selling points. These features may appeal to buyers looking for more eco-friendly, energy-efficient, and cost-effective homes. Ultimately, installing a tankless water heater should be based on your preferences, budget, and needs. Considering installing a tankless water heater, it’s always a good idea to consult a professional plumber to determine the best option for your home.
Licensed, Certified In Most Major Tankless Water Heater Models
Most homeowners need to be made aware that a licensed plumbing contractor must install most tankless units to validate the warranty.
At Big B’s Plumbing, we’re licensed and certified in most major tankless water heater models. In addition, we’re an A+ rated company with the Better Business Bureau. Also, check out our reviews on Facebook, Google My Business, and Yelp!
The other week, my mom said she’s interested in installing a tankless water heater in her vacation home. She’s been renting it frequently throughout the year, so she has the funds to make some improvements and attract more customers to the vacation home. I’ll recommend she follows your advice and hires a professional plumber to prevent any warranty issues when installing a tankless water heater.