Tankless water heaters have many advantages over traditional tank-style water heaters. While traditional tank-style water heaters may still be more readily available, the future is tankless. Not sure why you should make the switch? Read on for our top four benefits of switching to tankless water heaters.
- Save space
Because tankless water heaters are usually mounted to the wall, they take up significantly less physical space compared to their tank-style counterparts. Tank-style heaters also take up floor space while tankless units can usually fit in most closets or any smaller space.
- Save energy
A tank-style water heater expends energy around the clock to maintain the temperature of a 40 to 50-gallon water supply in order to have hot water ready when needed. However, tankless water heaters supply hot water on-demand and therefore expends less energy. The total amount of energy saved depends on the amount of water used and the efficiency of the previous tank-style system. Utility bills can decrease anywhere from 8-50%, depending on the usage.
- Increase convenience
Tankless water heaters work by heating water from the external source on demand, which means water will be hot any time its needed. As long as water usage is below the maximum allowable flow rate, tankless water heaters provide an endless supply of hot water. Additionally, there is a much lower risk of leaks and water damage, which ultimately allows for peace of mind. Tankless water heaters don’t have a tank, obviously, which means they do not carry a risk of significant flooding or leaks. One of the biggest risks with traditional tank-style heaters is minerals from hard water build-up within the tank, which leads to corrosion and leaks. No tank means no build up!
- Increase value in the property
While it may not seem important at the time of installation, small upgrades throughout a facility can increase the property value if it were sold. Tankless water heaters can last for up to 20 years, which is twice the lifespan of traditional water heaters. Additionally, most new tankless water heaters include a lengthy warranty.
A tankless water heater provides great benefits for every facility. While it may be an expensive investment, it can be worth it to save energy, increase accessibility to hot water, and save space.