Can a Tankless Water Heater Save Me Money?

It’s probably not much of a stretch to say that most homeowners have had problems with their hot water tank at one time or another. The fact that they will only hold a predetermined volume of water and they have been known to scale over time means that traditional hot water heaters aren’t necessarily the best choice.

For many homeowners, that old hot water tank is out and a new tankless water heater is in. The tankless water heater concept provides many benefits over the traditional way of doing things, plus it can save you money on your energy bills.

How It Works
Basically, a tankless water heater ‘reacts’ to the demand for hot water. A heat exchanger is installed in your home, and it will only heat the water when you make the demand. This means when you turn on a sink or shower faucet, it kicks into gear and starts heating the water that flows through.

Since storing hot water in a tank is no longer an issue, you can ask for, and receive an endless supply of hot water. That means if one person is showering, one is doing dishes and one is doing laundry, the same hot water will flow into every source without interruption. A tankless water heater will help you save space inside your home, too. It is roughly the size of a small suitcase and it can be mounted on almost any wall inside the house.

How It Saves
So how does a tankless water heater save you money? Since these types of water heaters are specifically designed to only heat water when you need it, with normal use you could save as much as 40% on your energy bills. This system is far more efficient than the old tank heaters, because they stop using energy to keep a constant supply of hot water, and shut off when you’re finished each time.

Since there is also no tank to crack or leak, you will also save money on any potential repairs or flood damage a leak may cause. These kinds of things aren’t really ‘true expenses’ in that you can count on them, but a little prevention never hurt.

At Laird & Son, we carry tankless water heaters from the top brands like Navien and Rinnai. Click here to get a free, no-obligation estimate for installing a tankless water heater system in your home!

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