Most homes and many apartment buildings are set up with individual tank water heaters that store up to 50 gallons. The waste is enormous: hot water accounts for 15-30% of your home's energy use.
Energy Savings / Operating Costs
The first thought on tankless water heaters is generally: how much energy/money am I going to save? Well right off the bat, you're going to be spending MORE money to get a tankless water heater and all its plumbing in place. While a tankless water heater costs more upfront, your operating costs down the line should start to make up for it. What you're saving is in not having to spend money on standby heat, meaning you're not wasting money heating water in a tank that's just sitting idly waiting for someone to need hot water. Tankless systems provide that hot water on demand, instantaneously, when you need it, so you don't have to waste energy heating unused water. You're also not losing heat that's idly sitting in a tank that, while insulated, is still going to lose heat and require constant reheating. Our friendly federal government has a nice energy cost calculator.
While a typical tank water heater is supposed to last 10 to 13 years, tankless water heaters are estimated to last up to 20 years. If you're planning to stay in your home for a while, that's a hefty replacement fee you're saving. Even if you're not going to stay in your home for that long, it's nice to pay it forward towards the overall cost savings of home ownership.
Even if you weren't concerned about saving money and energy, one of the big advantages of tankless water heaters is the potential space savings. Traditional water heaters with 40 to 60 gallon capacity are generally around 60" tall and 24" wide. That bulky metal tank can take up precious real estate in a home where space is at a premium. A tankless water heater, in comparison, might be the size of a large computer, perhaps 20" wide by 28" tall and just 10" deep.
For more information or questions on any of our units, including why to go tankless. Please contact us at 1-866-356-1992.