When it comes to the water heater you want one that’s affordable, efficient plus how long it will stay in your home. Water heaters can be a costly investment, although with proper maintenance you will be able to stay with one particular water heater for over a decade. Tank water heaters are heaters that have tank reservoir where the heated water is kept. A pipe emerges at the top of the tank so as to deliver the hot water in the faucets.
Tankless water heater, on the other hand, uses power burners, which heats water as it runs through the heat exchanger. The water is then delivered directly to the faucets without having to pass through the tank reservoir. It uses electric or gas burners, with tankless water heater your home will never run out of hot water.
As a homeowner, you will save money in purchasing a tankless water heater rather than sticking with the tank water heater. Although it is true that the tankless water heater is more expensive to install than the tank water heater, the tankless water heater, in the long run, will save you more money. Tankless water heaters are able to approximately lower your utility bill, therefore, resulting to you saving up to $ 100 in a year. This is possible as you do not have to re-heat your water when it gets cold again.
It is also important to note that, with tankless water heaters you will save half of your money on repairs; for they last longer than the tank water heaters. Also, you averagely spend 30% of your income on your home’s energy consumption, which is due to the old tank water heater.
As seen above replacing your tank water heater with a tankless water heater will save you money. This is clearly seen as it reduces your energy cost plus has a longer lifespan.