Tankless water heaters are rapidly becoming one of the most popular choices for new water heater installations. And with all the benefits that tankless water heaters offer, it’s not hard to see why. Tankless water heaters are also called ‘instant’ or ‘on-demand’ water heaters, but do their benefits really live up to the hype? Here we look at the four main benefits of tankless water heaters and whether it might be worthwhile for you to upgrade to a tankless water heater.
1. Energy Savings
For most people, the biggest benefit that comes to mind when they think of a tankless water heater is energy savings. Traditional tank water heaters, especially older models, consume a great deal of energy, whether it is electricity or gas. The tank which stores heated water consumes power as that stored water must be heated and reheated, even when it’s not being used.
Instead of heating and storing water, tankless water heaters heat only the water that is needed, as it flows through the pipes on demand. This results in energy savings because instead of heating a whole store of water, you are only using energy to heat exactly what you will need and use. Tankless water heaters have been known to reduce water heating energy costs by up to 50%, so the savings are significant.
2. Space Savings
A traditional tank water heater takes up a lot of space, and the tank needs to be stored somewhere in your home that’s relatively secure, ventilated and protected. If space is a rare commodity where you live, a large tank water heater could be taking up prime storage or living space. Some homes have the water heater in the basement, a utility closet, or a pantry—all of which could be easily repurposed for use and storage.
In contrast, most tankless water heaters are around the size of a briefcase. If your hot water needs are great, you may need two tankless water heaters in different areas of the home, but even then, the footprint is far less than a tank water heater. If you find yourself often wishing you had more space for storage, a tankless water heater is a great way to accomplish that goal.
3. Water Savings
Tank water heaters are often situated further from the outlets where hot water is used. This means that it can take some time of running the faucet before your water ‘heats up’ when you use a tank water heater, and gallons of precious water run down the drain while you wait. Because tankless water heaters can usually be situated closer to the faucets or showers where hot water is used, you get hot water more quickly, with less water wasted.
Because tank water heaters store large volumes of water, any leak or fault could mean flooding and water damage to your home, plus a big waste of water.
4. Time Savings
There’s nothing more frustrating than stepping into the shower, only to find there is no hot water. Why? You just ran the washing machine and dishwasher and the tank water heater has simply run out of hot water. For a tank water heater, replenishing that large volume of hot water is going to take hours, and in the meantime, you have no option but a cold shower.
Because tankless heaters supply hot water instantly on demand, your access to hot water is limitless. With a tankless hot water heater, you can have confidence you won’t run out of water or have to wait for your tank to heat up again.
A tankless water heater is a great investment that pays you back with savings of energy, space, water, and time. Upgrade to a tankless water heater today and see better results for your comfort, home efficiency, and utility bills.