These days, a water heater is essential for your home. After all, no one likes to take a cold shower. There are two options available to you as a homeowner: conventional storage tank water heaters and on-demand or tankless water heaters. A conventional water heater stores water and keeps it heated 24/7. An on-demand or tankless heater is much smaller in size and will only heat water when it’s needed. Knowing all of this, here are a few ways in which a tankless heater can be more beneficial to you.
The cost of tankless water heaters is more expensive upfront, but if you look at it over time, it’s saving you money. The average tankless water heater will last around 20-25 years, which is significantly greater than a conventional tank water heater, which lasts 6-14 years.
Your other big savings is in energy costs. A conventional water heater is heating water 24 hours a day, 7 days a week–and you will feel the effects in your monthly utility bills. With tankless water heaters, you will see an energy savings of about 30%. To make numbers easy, let’s say your monthly gas bill is $100. With a tankless heater, it will be closer to $70. That’s $360 a year in savings, or $7,200 over 20 years. And that’s without adding in your water and electrical bills where applicable.
It ends up being a win-win! Not only do tankless water heaters save you money, but they also conserve energy. So, you are doing something right for your bank account, and you are doing your part for the planet. Contact us today at Mathes & Son Plumbing to learn more about tankless water heaters.