3 Reasons You Should Change to a Tankless Water Heater

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3 Reasons You Should Change to a Tankless Water Heater

changing to tankless water heaterIf you have never heard of a tankless water heater, you need to investigate changing to a tankless water heater in your home right away. These heaters are usually a bit more expensive than installing a tank water heater. However, there are many incredible benefits of getting one installed in your home.

That’s why we’re going to share the three best reasons you should change to a tankless water heater in your home. These three benefits set them apart from tank systems and make them the best way to heat your home’s water. Rest assured too, that these are just the three best reasons. Many other benefits make a tankless water heater installation worth your time.

1. They Are Way More Efficient Than Tank Style Water Heaters

Tankless water heaters are renowned for their incredible efficiency in generating hot water. That’s because they heat up more quickly and require less heat to achieve a reasonable hot water temperature. This means you get more hot water when and where you need it, and use less water to do it! For example, installing a tankless water heater has been estimated to save as much as 20 to 30 percent on your monthly water bill. Let’s break this down to show you the savings you’ll receive.

Cost Efficient

Let’s say your average monthly water bill is about $30 before you install a new tankless water heater. And let’s say that your new water heater cuts about 25 percent off of your monthly bill. That is a $7.50 savings every month. Now, if you are to multiply that by 12 for a whole year, you get a $90 savings. So, your total bill would be around $264 instead of $354 for the year. Breaking that down, this is:

  • Nearly $8 savings every month
  • At least $90 savings every year
  • A potential lifetime savings of over $1,000 or more

You may find a tankless water heater that includes a federal tax rebate! That’s because these heaters are more efficient and safer to run than tank heaters. The top savings for these water heaters is about $300. While this will help offset the initial installation price difference, you’ll also find that your tankless water heater lasts, on average,10 years longer than a tank style. That’s thousands of dollars in savings over a 10-year period.

Energy Efficient

Even better,when using a tankless water heater, you simply waste less power. With a tank water heater, the water in the tank has to be kept heated up at all times. As a result, you are often wasting energy heating the water back up when you run a small amount of hot water. However, with a tankless water heater, you are using just the amount of power you need to heat that water.

2. You’ll Never Run Out of Hot Water

Another great thing about tankless water heaters is the fact that you’ll never run out of hot water. While this problem is less a concern for single people, it can be a real bummer for those with large families. For example, four or five showers in a row are likely to drain all your hot water and force the last person to suffer from a luke-warm or even cold shower.
Instead of warming up 40-50 gallons of hot water and storing it for hours or even days at a time, a tankless water heater warms up your water on an as-needed basis. This means you won’t ever run out  of hot water, and you’ll always have hot water when you want it.
These heaters are much smaller than a tank system. Their compact design makes it possible to store them along a wall in an out-of-the-way area. This benefit is huge for people who have a small home with limited space. For example, if you replace your tank heater with one of these tankless models, you’ll suddenly have more storage area where the tank used to be.

3. They Are Less Complex Than Tank Water Heaters

As mentioned before, tankless water heaters are smaller than their tank counterparts. For example, you can save at least 100-150 cubic feet by switching to this type of water heater. They can also be installed anywhere you want because they are less complicated than tank water heaters. As a result, they require less upkeep and maintenance and can be significantly easier to repair.
That’s because these units allow a technician to swap out parts, rather than replace the whole system. Unfortunately, a tank water heater usually requires total replacement if it fails. Instead of suffering from this expensive situation, a certified technician can install new parts for you.
The only real pressing maintenance needs for a tankless heater include cleaning the vents and flushing their system out at least once a year. In some instances, debris can build up inside of the unit and require an active fluid or air flush. Other than that, a good tankless water heater installation should last at least 10-20 years without any significant maintenance repairs. With a good maintenance plan, like the Benjamin Franklin Society, you can be assured of many years of low cost operation.

Getting Inspected For A New Tankless Water Heater

If you are interested in a tankless water heater in your home, don’t hesitate to reach out to a professional near you who can do the installation. Skilled plumbers at Benjamin Franklin Plumbing will take the time to understand all of your water heater needs and to address them appropriately. Even better, they can take steps to ensure your heater gets installed quickly and without a lot of wasted cash.
So whether you are interested in saving the environment or just a few bucks on your heating bill, consider getting one of these units installed in your home. In many instances, it is possible to upgrade your system from a tank-based one without spending an excessive amount of money. It all depends on the installation options available near you. Call Benjamin Franklin plumbing today to book your Water Heater appointment.