If you are looking for ways to reduce your electricity bill, then you have come to the right place. Today, we will discuss how your hot water usage affects your account and how you can save money using a tankless water heater, whether it is gas-powered or electric.
According to the U.S. Department of Energy, the average savings with a tankless water heater can range from $44 to $108 per year. That’s a significant amount of money you can save. In this article by Sarmanair, we will go over which type of demand-type water heater is best, the advantages and disadvantages of tankless vs traditional water heaters and all you need to know.
What is a tankless water heater?
A tankless water heater, also called a demand-type water heater, is a water heating system that provides hot water only when required. Unlike traditional water heaters that store hot water in a tank, tankless water heaters are small, wall-mounted units often installed near the point of use, such as a bathroom, laundry room, or dishwasher.
When a hot water faucet is turned on, cold water is drawn into the tankless water heater’s heat exchanger. The water is then heated by an electric element or a gas burner, providing the necessary hot water. This on-demand heating system ensures that there is always a hot water supply. It eliminates the need for a storage tank that continually heats and reheats the water, as with traditional water heaters.
Is a Tankless Water Heater the Secret to Savings?
A tankless water heater heats water on demand as you use it. Instead of storing much water in a tank, it flows through a heat exchanger that rapidly heats it. This means you only use energy to heat the water that you need rather than wasting energy on heating and storing water that may go unused.
One of the most significant benefits of a tankless water heater is its energy efficiency. According to the U.S. Department of Energy, tankless water heaters can be up to 34% more energy efficient than traditional storage tank water heaters. This means you can save money on your monthly energy bill while reducing your carbon footprint.
In addition to their energy efficiency, tankless water heaters have a longer lifespan than traditional water heaters. While a traditional water heater typically lasts between 10 and 15 years, a tankless water heater can last up to 20 years or more with proper maintenance. This means you’ll save money in the long run by not having to replace your water heater as frequently.
The Difference Between a Tankless Demand-Type Water Heater and a Traditional Water Heater
Traditional water heaters store hot water in a tank, which is kept heated continuously to maintain the temperature of the water. When hot water is needed, it is drawn from the tank and replaced with cold water, which is then heated to the desired temperature.
Tankless demand-type water heaters, on the other hand, do not store hot water in a tank. Instead, they heat water on demand as it passes through a heat exchanger. When a hot water tap is turned on, cold water flows through the heat exchanger and is heated to the desired temperature. This process is more energy-efficient than storing hot water in a tank because there is no energy waste associated with maintaining the temperature of a large volume of water.
Another difference between tankless water heaters and traditional water heaters is their required space. Conventional water heaters are large and bulky, requiring significant space to accommodate the tank. On the other hand, tankless water heaters are much smaller and can be installed in various locations, including on a wall or under a sink. This makes them a great option for homeowners who have limited space.
What Are the Pros of Tankless Water Heater?
Aside from their energy efficiency and longer lifespan, tankless water heaters have several other benefits. Here are some of the pros of installing a tankless water heater in your home:
Space-saving:
Tankless water heaters are much smaller than traditional water heaters, so they take up less space in your home. This can be especially beneficial if you have a small house or an apartment.
Endless hot water:
You can enjoy an endless hot water supply with a tankless water heater. Since the water is heated on demand, you will only run out of hot water in the middle of a shower or while doing dishes.
Reduced risk of leaks:
Traditional water heaters can leak and cause water damage to your home. Since tankless water heaters don’t store water in a tank, there’s less risk of leaks and water damage.
Better water quality:
Since tankless water heaters don’t store water in a tank, there’s less opportunity for sediment and minerals to build up. This means you’ll enjoy better water quality and won’t have to worry about flushing your water heater as frequently.
In summary, tankless water heaters offer several benefits over traditional water heaters, including energy savings, a longer lifespan, space-saving, continuous hot water, greater temperature control, low maintenance, and eco-friendliness. While the upfront cost of a tankless water heater may be higher than that of a traditional water heater, the long-term cost savings and environmental benefits make it a worthwhile investment for many homeowners. So If you’re looking for a way to save money and energy, a tankless water heater may be the solution you’re looking for. If you want to upgrade to a tankless water heater, consult a qualified plumber to determine which size and model is best for your household’s needs. Be sure to read this text.