Signs that a tankless water heater is right for you
As homeowners realize tankless water heaters efficiency and cost savings, they are becoming more popular. Tankless water heaters are more durable than tank-based heaters and have lower operating costs. There are also a lot of other benefits. How can you determine if a tankless heater is right for your needs? We’ll discuss the top 5 signs that it might be time to get a tankless water heater. Let’s dive in and see if this is the right time to switch.
1. Your old water heater is getting worn out.
Tank-based water heaters typically have a lifespan between 10-15 years and come with a warranty of 4-6, depending on their manufacturer. Older water heaters become less efficient. Heating elements and other parts can become clogged up with corrosion and grime. This can lead to lower heating costs and poor performance. Experts recommend that your water heater be inspected annually, especially after the warranty expires. Leaks, corrosion, and other problems can shorten the life of your water heater and cause damage to your plumbing. If it is getting old, you might consider replacing your tank-based water heater with a tankless one. This is the ideal time to switch, as you will buy a new unit.
2. Do You Want to Lower Your Monthly Power Bill?
The US Department of Energy estimates that water heaters account for 18% of your monthly electricity consumption. Your HVAC systems, which use an estimated 48% more power than your appliances, are the only ones that consume more power. A tankless water heater is a better option than a tank-based one if you want to lower your monthly energy bills. Why? It all comes down to the design. Traditional tank-based water heaters use large tank-based reservoirs. These can range from 36-60 gallons, depending on the house’s size. This reservoir heats the water to your desired temperature. The water is then stored in an insulated tank and can be used whenever needed.
Your tank-based water heater consumes power even when you aren’t using it. To ensure hot water, your tank-based water heater must maintain an ideal temperature, which applies whether you are at work, asleep, or on vacation. On the other hand, tankless water heaters provide hot water as needed. The water flows through a sophisticated gas or electric heating system that heats it to the desired temperature. The storage of hot water is not necessary, which dramatically increases efficiency.
How do you calculate the savings? The US Department of Energy claims that a tankless water heater consumes 34% less energy to heat water, and this is because there is no “parasitic” draw – water does not have to be kept at one temperature in a tank. According to the same study, gas tankless heaters can save the average family (using 45 Gallons of hot water daily) approximately $108 per annum. In comparison, electric tankless heaters offer savings of around $44 per annum.
3. You are always short of hot water.
It can be very frustrating to run out of hot water, especially if you are trying to do chores such as washing dishes or laundry. A smaller water heater (e.g., a 36-gallon model) can cause frequent water shortages, especially if you or your family take long showers. A tank-based water heater is slow to recover after the hot water has been used up. The tankless water heater is filled with cold water, which the elements must heat. If you use your hot water too fast, it will run out.
On-demand water heaters, such as tankless water heaters, can heat water on demand. The tankless water heaters are designed to heat water at a constant temperature and supply hot water to all your appliances. Flow rates typically range between 2-5 GPM for tankless water heaters. A high-flow showerhead uses approximately 2-2.5 GPM, and dishwashers/washing machines use about 2-3 GPM depending on heat setting and efficiency. Simply put, it is virtually impossible to run dry of hot water if you have enough tankless heaters (or multiple units).
4. You, Will, Find Hot Water All Day
Although tankless water heaters have many great benefits, they may not be the best option if you use large amounts of hot water at once. For example, if you have six family members who take showers together every morning while the dishwasher is running, you might need multiple tankless heaters to meet the demand. A large-capacity tank-based heater with 65-80 capacity might be the better option. It is expensive to run two or more tankless heaters at once, and you will save money in the long term, but not as much.
Tankless heaters if you live in Boston, Haverhill or nearby can still be a good choice, provided you make some lifestyle changes that increase the efficiency of your hot water distribution throughout the day. To ensure your tankless heater’s maximum GPM rating, your family could use 1-2 showers each to keep you hydrated.
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5. For long-term savings, you’ll need to pay upfront.
Tankless water heaters can be more expensive than traditional tank-based heaters, but we’ll be open about it—a typical 40-gallon tank-based heater costs between $300 and $400. However, gas heaters can be found for as low as $800 to $1,000, while electric heaters range from $500 to $1,000 depending on their size and GPM. This does not include the installation, which might require retrofitting your plumbing, electrical, and gas lines.
The average cost to install a traditional water heater is less than $1,000, and Tankless water heaters can run up to $3,000. Extreme Plumbing is a Plumber providing Tankless heaters, however, and they have a more extended warranty, usually up to 15 years, instead of 6 years. Tankless heaters have a life expectancy of at least 20 years and don’t experience efficiency drops as they age. They also require less maintenance and are simpler to operate. ENERGY STAR(r) estimates that a family of four will save $100 per annum by using a tankless heater over 20 years, which can add up to $2,000, making them a better investment.
However, it is crucial to consider your long-term goals before purchasing a tankless water heater. A tankless water heater is not the best option if you don’t plan to live in your home for longer than five years, and you will not get the maximum cost savings. However, if you can afford a tankless system upfront, your overall savings will be higher, and you’ll make a better financial decision in the long term.
Do You Recognize Any of These Signs? Get a Tankless System Now!
This guide will help you decide if a tankless water heater is right for you. This guide will help you make an informed decision about whether to buy a tankless water heater or not.
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