Advantages of using a tankless water heater – save money?
Here we list some of the advantages of using the tankless water heater
Advantages:
Because a tankless water heater turns on when you open a hot water faucet and turns off when you close the faucet, the energy consumed is for the hot water being used. Since there is no storage of water and thus no constant heating and re-heating of stored water, you’re not wasting energy heating water when you don’t need it. This energy savings translates to dollar savings for you and reduced impact on our environment. Furthermore, since a tankless system heats the water as you use it, you can have an endless supply of hot water, provided you size the unit appropriately.
How much money can I save?
Depending on which model of tankless water heater you purchase, and size storage tank you now have, as well as if it runs on gas or electricity, you could save anywhere from 11% to 69% off your hot water heating bill. How? Most homes use hot water for a cumulative total of about one hour per day, yet they typically keep 40 or 50 gallons (oftentimes more) of water hot 24 hours a day. Having a system that eliminates the storage and heats water only as you use it can dramatically reduce your energy consumption.