What Are the Benefits of a Tankless Water Heater?

Tankless water heaters are a great alternative for some homes. Many people consider them to be more efficient, and they are definitely a space saver. If you are considering a tankless water heater, this quick guide will provide you with some important information to get you started. Let’s look at some of the benefits of tankless hot water heaters.

This system is more efficient than most traditional methods of water heating. A tankless heater is far more efficient because it does not heat more water than is needed. Heating and storing water is an inefficient use of energy. A traditional system loses energy when water must be reheated on a daily basis.

New tankless systems are also available to use with alternative energy sources. This can increase the energy saved and the money saved even more.

Tankless systems are also less likely to break down over time. An average electric tankless system can often last 20-25 years. This makes your investment into a tankless system a smart one. You can rely on lower energy bills over this time period too.

Tankless systems are easy to maintain and most homeowners can handle repairs on their own.

We have already covered how a tankless system is more energy efficient, and therefore a better bang for your buck. There are other reasons why this is a great financial choice, though. Many utility companies now offer incentives for homeowners to install tankless systems. These incentives are often in the form of energy rebates that you can claim on your power bill.

In addition to this, some state governments also offer incentives for installing these energy-efficient systems as well.

Homeowners are sometimes disappointed with the initial installation costs of these systems. Although the initial setup may be more expensive than that of a traditional tank system, the money you saved will be seen down the road with lower energy bills and possible energy rebates.

Another great benefit is that tankless water heaters are far easier to install than traditional systems. These systems will not involve any gas lines or hot water plumbing. In most cases, all you need to do is mount it on the wall beside an electrical outlet. You need to ensure the system is properly grounded, however, which may require a professional.

If using space efficiently is important in your home, a tankless system could be a good choice. Tankless systems do not require their own closet or enclosure for safe installation. This system can be installed on the wall out of the way.