As a homeowner, you may find yourself wondering if you should replace your current water tank with a tankless water heater. There are many reasons why making the switch to tankless could be beneficial in your household or business. To help make your decision-making process easier, we’ve listed 4 reasons why you should consider a tankless water heater below.
1. Going tankless can save you money in the long run.
Many individuals are turned off by the higher upfront cost, but the month to month cost is cheaper. According to Angie’s List, “The U.S. Department of Energy estimates gas-fired tankless heaters save an average of $108 in energy costs per year over their traditional tank counterparts, while electric tankless heaters save $44 per year.” You don’t have to pay to keep a large hot water tank warm, which will save you more money over time—making up for that higher upfront cost.
2. Tankless water heaters have a longer life span.
Most last more than twenty years, which is about twice the lifespan of water heating tanks. They also offer longer warranties in the 10-15-year range.
3. Many benefits within your home.
Tankless hot water heaters save space, are easier to maintain, and provide an unlimited supply of hot water. Due to these benefits, having a tankless water heater could increase the resale value of your home.
4. Making the switch to tankless consumes less energy.
According to energy.gov, “for homes that use 41 gallons or less of hot water daily, demand water heaters can be 24%–34% more energy efficient than conventional storage tank water heaters.” Because they are more efficient, they allow you to qualify for tax breaks and special financing. There are both electric and gas models on the market, but gas tends to be most popular among consumers.
You can learn more about the benefits of installing tankless hot water system here, or feel free to contact us! Our experienced water technicians will be happy to answer your questions, and can help you find the best hot water system for your home.