If the idea of constantly heating your water in a big tank sitting in your basement sounds mighty inefficient and wasteful to you, then a tankless water heater may be the right option for you. I’ve researched some of the advantages of a tankless water heater system, alongside some of the compromises that come with the compact, more energy efficient option.
There are many advantages to going with a tankless water heater. From increased energy efficiency and lowered operating costs to space savings and extended lifespan, find out more about what makes for good reasons to go tankless.
Energy Savings / Operating Costs
The first thought on tankless water heaters is generally: how much energy/money am I going to save? Well right off the bat, you’re going to be spending MORE money to get a tankless water heater and all its plumbing in place. While a tankless water heater costs more upfront, your operating costs down the line should start to make up for it. What you’re saving is in not having to spend money on standby heat, meaning you’re not wasting money heating water in a tank that’s just sitting idly waiting for someone to need hot water. Tankless systems provide that hot water on demand, instantaneously, when you need it, so you don’t have to waste energy heating unused water. You’re also not losing heat that’s idly sitting in a tank that, while insulated, is still going to lose heat and require constant reheating. Our friendly federal government has a nice energy cost calculator.