Posted by JR Olson | Posted in Other - Environment, Other - Home & Garden | Posted on 28-04-2016
How much hot water do you use in your home each month? A great way to save money on your energy bill is by only heating water when you need it. This is one of the main selling points to a tankless hot water heater. Many people are finding that they provide a savings of at least $80 a year on hot water heating costs. Plus, you have the added benefit of the water heater providing you with instant hot water. If you have a large household, the tankless water heater will provide plenty of hot water for everyone that needs to shower. No longer will you need to deal with cold showers or struggle to wash dishes the same time as washing clothes. A tankless water heater is the way to go for a lot of people. Here are just a few things to consider when comparing water heaters
A traditional water heater takes up a lot of space in the home. If your water heater is in the basement or garage it will need to work harder to keep the water inside the tank warm. This might require the use of an insulation jacket to help reduce how often the water heater needs to turn on to heat the water. If you have a small home, there may only be enough room for a 40 gallon water heater. A tankless water heater is attached to the wall and is quite small when you compare it to a traditional water heater. Based on the size of your home and the water capacity needs, you may need to purchase two or three tankless heaters. Most tankless heaters measure around the size of a small carry-on suitcase, leaving plenty of space left over.
Enjoy More Hot Water
If you want continuous hot water, the tankless water heater certainly has its advantages. It can pump hot water throughout the home all day. The only downside is that it cannot produce a large volume. This means you want to limit its use to one thing at a time so it can keep up. With a tankless heater it may not work to do two tasks that require hot water at a time: start with one, like washing clothes, and then move on to the other, like doing the dishes. The tankless water heater will only produce the hot water when you need it, so you don’t have to pay to keep 40 gallons of water hot all the time. This helps to control energy costs since the heater isn’t continually running.
Save More Money
The initial investment in a tankless water heater will vary based on how many you need. Most systems cost an average of $2,000 to purchase and install. This initial investment in the gas tankless water heater does cost quite a bit more than a traditional water heater, which you can purchase for $300 or less. The upside to tankless water heaters is that they come with some great tax savings benefits in addition to the lower energy costs. An electric tankless water heater will not cost you as much money. They normally cost about $400 to install, but they do not come with the same energy-savings benefits, and they don’t include the tax credits. Most people feel the best option for an electric water heater is to use it for point-of-use areas, like the kitchen, to offer some instant hot water for cleaning needs.
Gordon Smallwood writes on a variety of subjects including water heater repair, AC installation, home improvement, renovation, plumbing, lighting repair and other similar topics. To learn more about tankless water heaters in particular take a peek at southernplumbing.com/tankless-hot-water-heater.