How Tankless Water Heaters Save You Money

October 5, 2021

Utility bills are climbing, and that means a lot of extra strain on your wallet each and every month. Are you looking for a way to cut back on your water and energy consumption, and thus reduce the amount of money you spend on the cost of living? A tankless water heater may be exactly the type of investment you are looking for. By changing how they provide you with hot water, tankless water heaters scale back the amount of energy you use and keep more money in your pocket in both the short and long term as well. How? This blog will show you.

Cutting Down Energy Costs

The biggest way a tankless water heater will improve your monthly expenditures is by cutting down on the amount of energy you use to heat water. Water is a heavy liquid and it takes a lot of energy to bring it up to the temperature level you want it at. However, it also takes a lot of energy to keep it at that temperature once it gets there. Water heaters have become better at this, thanks to improved insulation and better material quality. However, no heater is perfectly efficient and every unit must eventually fire back up in order to maintain your proper temperature. When nobody is home or when you simply aren’t using your hot water, your water heater may very well be wasting a lot of energy just keeping the water in your tank at its target temperature.

Tankless water heaters don’t work that way. Tankless water heaters are also known as “demand” water heaters because they heat the water you want “on-demand,” or when you actually need it. This means they only have to heat the water one time to get it up to your desired temperature level. That means these systems use less energy overall, and that means a smaller energy bill at the end of every month.

Cutting Down Water Consumption

Tank style water heaters have been known to waste a fair amount of water, particularly later in their lives. Because water heater tanks will eventually corrode to the point where they spring a leak, there will come a time where your heater will eventually start to lose water, and that will be water you pay for even though you may never actually use it.

Tankless water heaters are different. Because they don’t rely on a water tank, they are less prone to corrosion and leaking. Likewise, when or if a leak does occur, virtually every single part on a tankless water heater can be repaired or replaced. That means rather than scrapping the entire appliance for a small leak, you can actually fix the problem and stop the water waste.

Cutting Back on Operating Costs

Tankless water heaters are not only cheaper on your utility bills, but they are cheaper from a maintenance standpoint as well. Tank-style water heaters have an expected lifespan of only around eight to ten years, with maybe a couple of additional years if you take good care of your heater. Tankless water heaters are expected to last much, much longer. In fact, with proper care and maintenance as well as complete repairability, tankless water heaters can last for decades. By avoiding having to pay to replace your water heater for two or even three times the lifespan of an average tank-style water heater, a tankless water heater could save you thousands of additional dollars.

Interested in learning more about converting to a tankless water heater? Start saving by switching! Call Winters® Home Services at 617-221-5899 today to get started.