Eco friendly and green methods are becoming more mainstream and popular with homeowners both for the environmental benefits as well as the economical savings. Potential homebuyers are also looking for houses that offer efficient and economical operating systems. Tankless water heaters are the one of latest technologies out there that can to help save money and the environment.
According to the DOE, hot water usage, specifically heating the water, is the 3rd largest day to day expense in the home. If you are looking to be more energy efficient and cut back on utility expenses, you may want to consider a tankless water heater
Conventional water heaters keep your water hot 24/7, while an on-demand system, using the tankless approach, only heats water when you need it. An efficient gas burner quickly heats cold water traveling through the system to a preset temperature.
There are several common manufacturers of tankless water heaters – check out www.smarterhotwater.com, sponsored by Rheem. They tell us that annual costs for conventional water heating and storage (average) can be as much as $285, where the costs for tankless are more than $100 less per year on average.
So why haven’t we all converted? Tankless water heaters cost more up front – sometimes as much as twice more than traditional water systems. But adoption is growing as consumers become more and more concerned with efficiency and long term value for their dollars. Here’s a few reasons to consider going tankless:
1. Energy friendly and efficient. On demand systems can reduce energy costs as much as 25%.
2. Reliable and convenient. You get a continuous supply – imagine never running out of hot water!
3. Sleek and small. No more bulky tanks taking up valuable storage. Typical tankless heaters aren’t much bigger than a small suitcase.
4. Life expectancy. Tankless water eaters are built to last - 20 + years or more.
5. Versatility. It’s size and operating system allow you to place nearly anywhere in your home that is convenient for you.
Tankless water heaters are expensive, as noted and can be expensive to retrofit. If you are purchasing a new home, or buying a home that you plan to say in for a long time, the savings and benefits are worth the expense. If you are in a short term arrangement, the conventional water heaters may still be all you need for now. Also, avoid electric style tankless heaters – the gas units are much more efficient and affordable.
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