If running an energy efficient home is a priority for your family, you may want to consider a tankless water heater, as it could save you money in the long run.
To understand the benefits of a tankless water heater, you need to first understand how a traditional water heater works.
A traditional water heater constantly stores and preheats anywhere from 30-50 gallons of water, which stays heated in a large tank, to be used whenever you shower, do laundry or wash dishes. These usually last about 10 years, and are ideal for homes on a budget. On the downside, they are bulky and take up space, and they can run out of water (you can buy a larger tank but that can waste more energy). If you have a large family, traditional water heaters aren’t recommend unless you’re on a budget.
So, how does a tankless water heater work?
A tankless water heater uses gas or electric as a heat source to warm up cool water on demand, immediately. These heaters are more efficient and space saving (although they do cost more initially). Tankless water heaters also have double the lifespan of traditional water heaters, lasting about 20 years instead of 10.
So which option is best for you? That depends on your home and your budget. Consider if you want to save money over a longer period time, or if you need to save money immediately. Also consider the size of your family and home. If you’re still unsure, ask a professional and get a thorough estimate. It’s always better to know your options.