Tankless water heaters, also known as on-demand water heaters, are becoming an increasingly popular option for homes. These tankless units are run by electricity, propane, or gas; instead of holding a reservoir of pre-heated water like a traditional tank heater would, tankless water heaters use heat exchangers to heat water to a preset temperature as it is needed. They have been lauded for their energy savings and environmental efficiency, and have been widely used outside the States for years. Large central tankless heaters can be used to provide hot water for an entire house, while small, strategically-located tankless heaters can be used as a localized solution. Given their small size and flexibility, they can also be used as a supplement to an existing water heater.
Of course, when making a big decision like this for your home, you need to weigh all the information you can get. So, what are some of the pluses of making the change to a tankless heater? Here are some advantages to installing a tankless water heater in your home:
They’re cost efficient — A tankless water heater can save you a lot of money on your monthly utilities, cutting as much as 20% off the cost of heating the water in your home. A lot of tankless water heaters also come with a federal tax rebate for $300.
They’re compact and convenient — Tankless water heaters are compact in design and can be easily positioned anywhere in a home. They also often come with remote controls for ease of use.
They don’t waste — Tankless water heaters eliminate standby losses. Hot water is never left to cool in a storage tank or in long pipes. You don’t need to run your water to get to the hot water. A tankless water heater delivers the warm water immediately.
They don’t run out — With a tankless water heater you get an unlimited supply of hot water. You never have to worry again about cutting your shower short because someone else in the household still needs to take a shower!
They last longer — A tankless heater won’t corrode; as a result, their lifespan is 5 to 10 years longer than tank-type heaters which only last 12 years on average.
They won’t flood your home — No more worrying about flooding the basement when your water tank breaks. By installing a tankless water heater, you never again have to worry about the tank breaking and causing extensive damage to your home and belongings.