How A Tankless Water Heater Can Slash Your Hot Water Bills!

A tankless water heater works by heating water as it’s needed, which is a more energy efficient way to heat water. The conventional method of heating water involves storing hot water in a tank, which is much more energy intensive. Tankless water heaters heat the water to a preset temperature as it’s required, meaning you only pay for the hot water you actually use. Compare this to the traditional tank system, where energy is wasted if hot water isn’t used, and there are standby losses.

A tankless water heater may be costly to install, but these initial costs can be offset by future savings on your household energy bill. With fuel prices continuing to rise, it makes a lot of sense to take measures now to save energy and therefore save money in years to come. Another advantage of on demand water heaters is that they generally have a much longer lifespan of around 20 years, compared to only 10-15 years for conventional tank water heaters.

Installing a tankless water heater is a great way to produce your hot water more efficiently and cheaply, which is good news for both your wallet and the environment. Electric tankless water heaters are estimated to be able to slash hot water bills by 10-20%, with tankless gas water heaters generating savings of around 20-40%. An electric tankless water heater typically heats 3 gallons of water per minute, with some tankless gas hot water heaters being capable of heating 5 gallons per minute. Whatever your household’s needs, installing a tankless instant water heater can be money well spent.