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Every home and property owner relies on hot water daily, whether for showering, cooking, washing dishes, doing laundry, or any other chore. And all these are possible because of a water heater. However, people often forget about their water heater until it breaks or drives up their utility bills.
To a homeowner, the only important question regarding this crucial appliance is: Is your current water heater costing you more than it should? If your hot water needs are still fulfilled by one of the traditional tank water heaters, your monthly energy costs might be more than usual.
This is where a tankless water heater, aka a demand water heater, emerges as the solution. Let’s take a look at how and why a tankless water heater is a smarter choice when it comes to energy consumption, durability, and cost savings in the long run.
Traditional tank water heaters are still very common in homes. These devices heat and store a predetermined amount of hot water, usually between 30 to 80 gallons, and maintain the temperature throughout the day, even during periods of non-use. The continual heating of the water results in increased utility bills, especially during the winter season.
Considering the installation cost, routine servicing, and the fact that water heaters typically have a lifespan of 10 – 15 years, it is easy to see where the hidden costs stem from. Moreover, households with frequent use of hot water often witness situations where hot water runs out frequently. Getting hot water again requires the refilling and reheating of the water heater’s tank.
When it is time to replace the unit, the initial cost of installing a traditional tank water heater seems cheaper at first glance, but the cumulative costs while using the heater are significantly higher.
As the name suggests, tankless water heaters do not have a storage tank. Rather, they heat the water only when it is needed, meaning when a tap is turned on, or an appliance is run. This feature makes them remarkably energy efficient and induces great cost savings over time.
Although tankless water heaters have higher upfront costs, they can easily last over 20 years (with proper maintenance). This is a considerably longer lifespan compared to most tank models, which have a shorter life.
And here comes the best part – tankless water heaters come with a perpetual supply of hot water. Whether it is showering, doing laundry, or running the dishwasher, scarcity of hot water will never be a problem with tankless water heaters. They are incredibly valuable for larger households or homes with multiple bathrooms.
In terms of numbers, tankless water heaters are initially more expensive than other types of water heaters. Costing any amount between $1,000 to $3,000, these water heaters are double or even triple the initial cost of tank models, which often fall between $500 and $1,500.
However, the long-term benefits of tankless water heaters shine. In households with regular access to less than 41 gallons of hot water, tankless water heaters offer 24% – 34% more efficiency on energy costs. They are also 8 – 14% more efficient in high-use households.
Having those cost-efficient advantages in mind allows households to enjoy simplicity and postpone worrying about higher payments on utility bills. This brings about paying much less than expected and offers a feeling of fiscal certainty for many homeowners.
What’s driving more and more homeowners to make the switch? Reliability.
Tankless water heaters provide on-demand hot water, so they don’t struggle with “cold water sandwiches” during showers. As long as there are no lengthy interruptions, back-to-back showers will have a steady supply of hot water.
Moreover, the lack of a storage tank lowers the chances of the tank’s corrosion or leaks, which are common issues that shorten the lifespan of traditional tank water heaters.
Compared with tank water heaters, tankless models are more compact, which increases their versatility when it comes to installation. They can be placed on walls, small utility closets, or even outdoors (with proper weather protection). This feature of tankless water heaters frees up space in your home and makes them ideal for smaller houses, apartments, or anyone seeking to maximize square footage.
However, these upgrades may incur extra costs, such as resizing gas lines or creating new venting systems. While these additions may drive up installation costs initially, they are a one-off expenditure that strengthens long-term advantages.
Looking to make your home more environmentally sustainable? A tankless water heater (also known as an on-demand water heater) will certainly help achieve that goal. As less energy is consumed, there’s a smaller carbon footprint for your household (because fewer fossil fuels are burned).
Some models offer monitoring and optimization of water and energy use through mobile applications. These “smart” features make resource management much easier, more efficient, and streamlined.
Has your current water heater turned out to be too costly to operate? It’s time to look for a tankless system if your spending on utility bills, the reliability of the hot water supply, and the age of the unit show signs of decline.
Even though the initial investment may be a bit high, the savings, coupled with peace of mind, efficient energy use, and an extended lifespan, reinforce a switch for most homeowners.
At Magnificent Plumbing, we help homeowners make smart, time-efficient, energy-efficient, and low-stress upgrades. Whether you are comparing options, prepared for an installation, or merely contemplating the suitability of a tankless water heater, we are always ready to help.
Our licensed professionals guarantee a tailored assessment of your home’s requirements, provide a detailed explanation of your options, facilitate hassle-free installation, and enable the enjoyment of endless hot water with significant savings.