Tankless water heaters have become more popular than ever in recent years thanks in large part to the rising cost of energy. Traditional hot water heaters use a tank and hold the hot water in that tank until it’s needed. They will continue to turn on and off when the water temperature drops, so you could be spending a lot more money on electric every month just to have access to hot water.
Tankless water heaters flash boil water as it’s needed, so that you would only be paying for the water to be heated when you turn it on. The value that these systems can have for homeowners will vary.
The larger the tank that you have now will require more electricity to heat water and keep it hot, keeping it ready when you need it. If you have a small family, such as two people living in your house, then you’re going to be spending more money than you need just to enjoy hot water.
If you have a lot of children or people living in your house, then your hot water heater will be working overtime to ensure that everyone has hot water. However, if several people are going to be showering at the same time, even if you have a 50 gallon tank, you’ll find that the hot water runs out.
That won’t happen with a tankless water heater. Even if you need a lot of hot water for a continual period of time, it will be available for you.
Cost Savings
Using a tankless water heating system in your home will offer two significant benefits. Hot water when you need it and for as long as you need it. You will also save money every month on your electric or gas utility bills, depending on the energy source required for heating the water.
You may end up saving $10, $20, or even more on your utility bills every month by installing a tankless water heater in your home.
If you want to learn more about the full value that a tankless water heater will provide you and your family, contact McKinnon Heating and Cooling.