Just like everything else in your home, the plumbing system has come a long way over the last 10-20 years. Devices are more energy efficient, they run cleaner, require fewer repairs, and last longer than ever before.
Of all the recent advances in plumbing technology though, tankless water heaters are one of the most exciting. Even though tankless water heaters have been around for a while — especially in Europe and Asia — it hasn’t been until recently that they started making their way into residential homes.
Inevitably, when we talk to homeowners about the advantages of tankless water heaters though, one of the most common questions we get is, “Will they save me money?” In short, yes. Tankless water heaters use less electricity than their traditional storage-tank counterparts, which results in a lower energy bill.
Traditional storage tank heaters operate by keeping an enormous tank of water hot constantly so it’s ready to be distributed to various points throughout the house. As you would expect, this consists of a lot of energy that is essentially wasted, since the tank will have to reheat water once it’s in use.
By contrast, a tankless water heater only heats up the water as it passes through the pipes, which means you’re only heating water once it’s in use. This results in a much lower electricity bill overall.
More Efficient Distribution
One other advantage to tankless water heaters is their ability to be placed in various parts of the house. You can install one underneath the sink in a bathroom, allowing only the water that is used for that faucet to be heated up. And, since the heater is closer to the exit point, that means that the water is hotter when it comes out of the faucet, which also results in less usage.
As you can tell, having a tankless water heater is a slam dunk.
*Cue the Space Jam Montage!*