Many, if not all of us, grew up in a home with a conventional water heater that stores and continually heats water 24-7, but today there is another option for homeowners apart from the conventional water heater. The tankless water heater is an on-demand water heater, meaning that the water is only heated when it is about to be used and not sitting idle for hours at a time. This means there is an endless supply of hot water. Whenever you need it, you have it.
Due to the fact that the water isn’t being continually heated, as with a conventional water heater, a tankless water heater has the potential to show significant savings on your water bill. The savings, though, will depend a lot on your level of water consumption in the home.
Since savings depend a lot on water usage, there are three types of people whom we suggest replace their old conventional water heater with a tankless water heater. The first is the individual homeowner who uses relatively small amounts of hot water on a weekly basis. The second would be the concerned conservationist consumer who wants to minimize their carbon footprint. The third person would be the individual who demands an endless supply of hot water that wont run out when the tank is empty.
Tankless water heaters are a greater investment than conventional water heaters, therefore enforcing the need for consumers to see benefits from the added cost. The consumer either needs to see significantly lower power bills or consider their investment to benefit the environment by not wasting energy to heat water that is not being used.
If you fit either of these descriptions and your current water heater is eight years old or older, consider having a tankless water heater installed.
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