Imagine unlimited hot water, even when you have a houseful of guests during the holidays. Not only would this provide endless comfort to you and your visitors, but it also would save energy and, as a result, money on utility bills. This is the hype surrounding Tankless Water Heater Installation, which have been growing in popularity with Minnesota residents in recent years.
But endless hot water is only one of the benefits of tankless water heaters. Although these units cost more than their traditional counterparts, they’re important to consider because of those benefits. Here are a few reasons you should think about replacing your water heater with a tankless unit.
Long-Term Cost Savings
The cost to purchase and install a tankless water heater can put off some homeowners. But it’s important to pay close attention to the money you can save in the long run. According to the U.S. Department of Energy, gas-fired tankless heaters are better for cost savings, cutting an estimated $108 off your bill. Even electric water heaters will offer some savings, though, operating at an average of $44 a year cheaper than traditional electric water heaters. As you’re considering the higher price, keep this in mind, while adding on the other conveniences that might make the extra expense worth it.
Freeing Up Space
As consumers have sought to minimize, tankless water heaters have become the perfect alternative to large, bulky traditional models. A tankless water heater can easily fit into a closet or storage space, hanging on a wall rather than taking up an entire section of a room, floor to ceiling. Even if you aren’t a minimalist, the space currently consumed by a large water heater tank could be repurposed into extra storage or pantry space. Tankless water heaters are also much more attractive, which means they no longer have to be shoved into a hidden area of the home, opening even more installation options.
Any extra expense at the time of purchase could be offset by the life you’ll get out of a tankless water heater. Experts say tankless units last twice as long as traditional ones, which means you won’t have to go shopping for a new water heater every decade. If you have plans to sell your house in the near future, consider the value a tankless water heater will bring to your home, especially if it gives you more space for storage. Knowing they won’t have to replace the water heater anytime soon could make a big difference in whether or not someone buys your home.
On-Demand Hot Water
A traditional unit stores water in a large storage tank, where it remains heated at all times. Even then, homeowners usually find water can take a few minutes to warm up and if too much hot water is being used at once, that supply will run out. A tankless only heats water when it is requested, saving energy while also providing instant hot water. If a consumer chooses the right size tankless water heater, this supply of hot water will last much longer than traditional units, even if multiple people are taking a shower while the dishwasher is running. In larger homes, experts will often recommend multiple tankless water heaters to ensure that endless supply of hot water is never interrupted. It’s important to choose the right size, as well as the perfect placement, for your tankless water heater to make sure you get the most out of it.
If you’re thinking about a Tankless Water Heater Installation, there are many benefits that make the higher price worth it. Make sure you work with a knowledgeable Plumber to find the perfect water heater for your home.