A tankless water heater uses 30% less energy than one with a storage tank.
That’s a one-third reduction in your water heater’s carbon footprint and a one-third reduction in your out-of-pocket cost. What’s not to like about that?
Saving energy is only one advantage though. Let’s look at all the benefits of a tankless water heater so you can make the best choice when it comes time to replace the one you’ve got.
Virtually Unlimited Supply of Hot Water
A storage tank water heater has a large tank, typically 40 to 60 gallons, but there’s still a limit on how much hot water it can supply. A tankless water heater heats the water on-demand so it never runs out.
If you have two separate showers running at the same time along with doing the laundry, it might not be able to keep up. But as long as you’re not drawing water beyond its capacity, a tankless water heater will supply hot water as long as you need it.
A storage tank water heater takes up a lot of space by nature of how it works. It needs to be big enough to hold all the water it’s heating.
Because a tankless model doesn’t hold any water, it can be a lot smaller. This feature of a tankless water heater benefits anyone who wants to maximize the usable space in their home.
Eliminate Chances of Leaks and Water Damage
If a storage tank water heater starts leaking, it can be a major problem. A small leak may not be a crisis but 40 to 60 gallons of water can cause a lot of damage if the leak is serious. You’re not only going to need plumbing repairs at that point, you’re also going to need home repairs.
A tankless model doesn’t store water so there’s no chance of it ending up on the floor of your home instead of in the tank.
Longer Life Expectancy
Tankless water heaters have a typical life expectancy of 20 years or more compared to 10 to 15 years for most storage tank models.
This is one way a tankless model can save you money, which brings us to the final benefit.
Save Money on Your Heating Bills
When you ask, “What are the benefits of a tankless water heater,” the most common answer is the lower operating cost.
Tankless heaters can save you nearly $100 per year compared to storage tank models. Considering their 20-plus year life expectancy, this could add up to $2,000 or more over the life of your water heater.
Are the Benefits of a Tankless Water Heater Worth It?
While we’ve only looked at tankless water heater pros, cons do exist, at least one does.
The one disadvantage of tankless water heaters is the price. They can cost twice as much as a storage tank water heater.
But when you consider all the benefits of a tankless water heater, they’re worth the extra money. Between a longer life expectancy and lower operating costs, over time you’ll spend less even with the higher up-front cost.
If you’re looking for a new hot water heater in the Salt Lake City area, get in touch with us. We provide expert water heater repair and replacement services, including tankless water heaters. We’ll find you the right choice, whatever your budget.