Have you ever heard the saying, “Sometimes you have to spend money to save money”? When it comes to your water heater, this is especially true. The old tank water heaters are money and energy wasters. Your initial investment in a tankless water heater will repay you every time you use hot water.
How Does a Tankless Water Heater Save Money?
It is true that a tankless water heater could cost as much as three times more than a standard tank water heater. Typically, heating water for a home is about 20% of the utility budget. Tankless water heaters can reduce the energy required for heating water, thus lowering that percentage – sometimes saving as much as half the utility cost over the life of the heater. Orange County residents can reduce the initial cost somewhat by looking into rebates offered by the Federal Government and local utility companies. In addition, you should factor in the cost savings gained from the fact that tankless water heaters, on average, last almost twice as long as standard tank water heaters.
Other Tank-less Water Heater Advantages
Besides saving energy costs, tankless water heaters are far more efficient and mean increased comfort for you. Whether you use the hot water in a tank water heater or not, it will cool off. Every time it does, your gas or electricity has to fire up the tank to keep the water at the set temperature. Every time. Whether used or not. Tankless water heaters only heat the water on demand, when you require it. Plus, when you run out of hot water in the tank, you are out of hot water until the tank is reheated. With a tankless water heater, you are never out of hot water.
You can achieve space savings as well. Tankless water heaters are typically much smaller than tank water heaters. Small tankless heaters can be placed under a cabinet or in a closet, close to where hot water is needed.
Tank water heaters have issues with rust and scale due to water standing in the tank. The rust and scale builds up over time and can cause water problems and leaks if not taken care of. Tankless water heaters eliminate this problem.
Call Your pipe specialist
Your repipe specialist will be able to replace galvanized pipes with copper ones. They will also know what needs to be done to get everything installed and running quickly. Save yourself time and save your wallet some money by looking into a new tankless water heater.