Tankless hot water heaters are more expensive than traditional hot water tanks, making many homeowners wary of taking the plunge when purchasing one. However, new government tax incentives may reimburse you 30 percent of the cost of a tankless hot water heater up to $1500, making them a good choice for many homeowners. Even at full price, there are significant advantages to purchasing a tankless hot water heater for many homes.
The average water tank stores 30-50 gallons of hot water at a constant temperature all day. Tankless hot water heaters produce hot water as it is needed. This means that there is very little wasted hot water, reducing the energy required to create that hot water. Some sources estimate that you could reduce your energy used to create hot water by one third.
Tankless hot water heaters are much smaller than traditional water tanks. Most tankless models can be mounted directly on the wall underneath a cabinet or in a similar location. This makes them a great choice for smaller homes, that may not have a basement or other space to devote to a hot water tank.
Unlimited Hot Water with Little Waste
If you have a traditional hot water tank, you may find yourself turning on the hot water tap and letting it run until you feel warm water. With a tankless hot water heater, there is almost no waste, depending on where the tankless hot water heater is installed. Also, a tankless hot water heater can produce hot water without stopping, as long as it is not overloaded with demands.
Provides Supplemental Hot Water
Imagine this scenario: you’ve just decided to add on another bathroom and bedroom to make more room for your growing family. However, you realize that this will create even more hot water demand for your home. You could upgrade your hot water tank, or you could just install a tankless hot water heater to service part of the house. Many people purchase tankless hot water heaters to provide hot water for a specific area of the house, avoiding the cost of a new tank while allowing them to try out the tankless heaters.
Although tankless hot water heaters do offer substantial benefits to homeowners, they are not right for every situation. Also, it is even more crucial that the water heater be appropriately sized for the space to ensure that the heater can accommodate the demand for hot water. For more things to consider before you decide which heater is best for your home, check out “Disadvantages of Tankless Hot Water Heaters”.