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Is a Tankless Water Heater Right for My Home?

Is a Tankless Water Heater Right for My Home?

Is a Tankless Water Heater Right for My Home?

Tankless water heaters are increasingly becoming popular among homeowners due to their improved energy efficiency and reduced risk of water leakage. So, if you are looking for a way to cut down the cost of heating water in your home, you should consider installing a tankless water heater. Continue reading to know how a tankless water heater works and why it is suitable for your home.

How Does a Tankless Water Heater Work?

Most homeowners are used to the traditional waters that have tank storage. These heaters have a large storage tank that can hold up to 50 gallons of water. The tank stores the heated water and releases it as it’s needed. A tankless water heater, on the other hand, heats water only when it’s needed. It does not have a reservoir, and therefore there is no need for continuous heating to keep the water warm.
When you turn a tankless water heater on, cold water enters the heater, and the heating system is activated through the flow sensor, which heats the heat exchanger to heat the water as it flows through the pipes. This type of water heater can supply the entire house with hot water. The two main types of tankless water heaters are a whole-house tankless water heater and a point-of-use tankless water heater.

Why You Should Have a Tankless Water Heater in Your Home

Energy Efficiency

Compared to a traditional tank water heater, a tankless water heater uses less energy because it heats water only when needed, as opposed to constant heating of dozens of gallons of water. If your home uses less than 43 gallons of hot water per day, you can expect to save up to 34 percent of your energy consumption.

Improved Property Value

Buying a home is an exciting experience, but high utility bills can ruin the feeling. That’s why potential home buyers are always looking for homes with fewer energy costs. Since a tankless water heater helps reduce energy consumption in your home, it will improve the value of your home when you decide to sell it.

Tax Credits and Rebates

If you usethe a tankless water heater in your home, your state or the local utility company may give you tax credits and rebates because of its energy efficiency. To know the kind of rebates offered by your utility company on an ENERGY STAR tankless heater, check the ENERGY STAR rebate finder.

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