Are you looking for a way to save money on your utility bills? If so, a tankless water heater could be the perfect solution. Tankless water heaters are becoming increasingly popular among American households due to their energy efficiency and cost savings. Let’s look at why you should consider investing in one.
How Tankless Water Heaters Work
A tankless water heater is a compact unit that uses electricity or gas to heat water when it’s needed. It doesn’t store hot water like traditional storage-tank water heaters, but instead heats it as it passes through the unit via an internal heating element. This means there is no chance of running out of hot water, since the unit produces an endless supply of hot water on demand.
One of the main benefits of tankless water heaters is that they are extremely energy efficient, compared to traditional models with tanks. They only use energy when hot water is needed, and don’t have to constantly keep stored hot water warm when not in use. This can result in significant energy savings over time — up to 30 percent according to the U.S Department of Energy — which can help recoup some of the costs associated with installation over time.
Longevity and Space Savings
Tankless units also last longer than storage-tank models; up to 20 years compared to 10-15 years for tank models. And since they’re much smaller than storage tanks (usually about the size of a medicine cabinet) they take up much less space, making them ideal for tight spaces or small homes where traditional storage-tank units simply won’t fit.
Investing in a tankless water heater can provide significant financial and environmental benefits over time. By eliminating standby losses associated with storage-tank models, tankless units can help reduce energy usage and utility bills while providing an endless supply of hot water on demand without taking up too much space inside your home or office building. As such, installing a tankless water heater is definitely worth considering if you’re looking for ways to save money and go green at the same time!