If the time has come to replace your current hot water heater, you may be thinking about making an upgrade to a tankless water heater. Many homeowners have already made this upgrade and are enjoying the benefits that a tankless model provides. However, these models typically cost more than the traditional tank-style hot water heater, and you may be wondering if the benefits are worth the cost. With a closer look at some of the benefits associated with a tankless hot water heater, you may be ready to schedule the installation.
You May Never Run out of Hot Water
A tankless hot water heater works by heating up water on demand. This is opposed to a tank-style water heater that stores heated water in a tank until you are ready to use it. According to High Speed Plumbing Inc., because the water is heated on demand, it will be more difficult to run out of hot water. The only possible scenario when you may not have access to the full amount of hot water you need is when multiple sources are trying to draw hot water at the same time. This is because the tankless hot water heater can only produce so much hot water at a time.
You Can Reduce Your Energy Bills
With a traditional tank-style hot water heater, you are using energy to keep the stored water in the tank hot. Even if you do not use hot water all day or for days on end, the hot water heater will continue to draw energy. Because a tankless hot water heater only uses energy on demand, you may notice that your energy costs decline after the tankless model is installed in your home.
They Have a Longer Life Span
Another great benefit associated with a tankless model is that the unit has a longer life span than a traditional model. If you plan to be in the home for many more years to come, you may not want to deal with a water heater replacement again. Because of the longevity of tankless models, there is a good chance that this may be the only replacement you need to do over your years in the house.
Because a tankless hot water heater costs more than a traditional model, you may be wondering how you can pay for it. The good news is that some models may qualify for a tax credit, and you can ask your plumber about this. Now that you know more about the benefits of a tankless model and have a payment plan in mind, you can move forward with scheduling the installation service.