Three Benefits Of Switching To A Tankless Water Heater

While you may not put a lot of thought into your water heater, you tend to use it on a daily basis. Whether you are taking a shower or washing your clothes, having hot water is important when living in your home. When you have a water heater go bad, you can choose to replace it or repair it. As your water heater nears the end of its life, repairing it may not be practical any longer. A typical tank water heater can last about 8 to 12 years. With so many different styles and models, it can be daunting trying to determine what type of water heater to put in your home. A tankless water heater can offer many more benefits than a tank water heater. To help you determine if this is best for your home, here are some of the benefits you can expect. 

Cost Savings

One of the most popular reasons homeowners switch to tankless water heaters is due to the cost savings it can provide. Tankless water heaters save on energy by heating the water and sustaining it without as much loss as a tank water heater. In return, this translates into cost savings for your home as you spend less money on your energy bill. Experts suggest that you can save around $70 to $80 a year by switching to a tankless water heater. 

Less Space

The size of a tankless water heater can vary depending on how much water your household uses. On average, a tankless water heater is much smaller than a tank water heater with some being as small as the size of a briefcase. This is great for homeowners with a limited amount of space to utilize for a new water heater. This is even better for those who are looking to install an additional water heater to the one they already have. 

Longer Lifespan

Another reason you may want to consider a tankless water heater is the longer lifespan of the unit. On average, tankless water heaters will last about 20 years. This is all up to the homeowner as it is important perform preventative maintenance on the unit each year to ensure that it is running optimally. While the initial cost of a tankless water heater may be more expensive, you can end up saving money over the long run by replacing the unit less often than you would a tank water heater. 

For plumbing service, contact a company such as Fast Plumbing