Can you ever imagine a cold winter afternoon without a nice warm bath? That is one of the best feelings and comfortable situations one can experience in the cold seasons. However, would that have been possible without a water heater? Not! The only appliance that makes this comfort possible is a water heater. They have been in the market for decades and continue to rule the monopoly.
However, everyone would want to reduce their costs as much as possible. To decrease the high expense of home appliances, specifically water heaters, manufacturers came up with a brilliant solution. Tankless water heaters are extremely cost-effective and performance efficient. These qualities make it a very popular choice among homeowners. So why not learn how these heaters save much money on energy bills in small and big households?
6 Ways In Which A Tankless Water Heater Helps In Saving Money On Electricity Bills
Different household appliances have various energy-saving facilities. Now, if a tankless water heater is considered, there is a list of ways in which it is highly beneficial. One of the salient ones is how it saves much energy compared to traditional heaters.
The next few points will elaborate on how tankless water heaters assist a lot in saving dollars on electricity bills:
They Have Less Standby Heat Loss
If someone knows the working mechanism of a traditional water heater, they would surely know that these appliances store a large amount of water and constantly heat and store it again. This process continues even when no one is using the hot water.
When some water remains stored in the tank and gets reheated every time it runs cold, it also continuously uses up a lot of energy. This energy is wasted due to the unused heated water is called standby heat loss. Many users must know that this heat loss can significantly affect the monthly electricity bill.
This issue is avoided if the user goes for a tankless heater. They heat the water instantaneously and whenever it is needed. No water is stored in the tank, and it prevents any amount of standby heat loss.
These Heaters Have A Higher Efficiency Rating
The efficiency of every water heater can be measured. The term is known as its Energy Factor or EF, which measures how much hot water the heater can produce per unit of fuel consumed. According to many reviews and surveys over the decades, tankless heaters have proven to be much more efficient than traditional heaters.
Numbers never lie. Compared to traditional water heaters, which normally have EF ratings between 0.55 and 0.65, tankless water heaters often have values between 0.82 and 0.98. These numbers prove how tankless water heaters can save bucks due to less energy consumption.
They Have A Longer Lifespan And Are Durable
Lasting up to as long as twenty years, tankless heaters always stand out when compared to conventional ones. Traditional water heaters last up to 10 years and, at most, fifteen years with proper maintenance. They even need a lot more repairs and refurbishments compared to tankless ones.
Tankless water heaters use more advanced technology than conventional ones, so they have a much lesser propensity to malfunction. Their repairs also cost a lot less and are easier as well. This automatically reduced the underlying expenses by a lot. Moreover, if an appliance is durable, the user would not have to worry about replacing it with a new one often. It can serve well for long years!
Tankless Heaters Are Environment Friendly
One of the biggest concerns of the modern environment-conscious society is greenhouse gas emission and their adverse effects on the world. Tankless heaters are designed to produce minimal to no amount of greenhouse gases when used. No one would deny that these models of heaters had a good enough reason to take over the traditional water heaters. Moreover, a household can reduce its carbon footprint and achieve a much more sustainable lifestyle with these machines.
They Reduce The Overall Water Usage
Did you know excessive water usage can indirectly increase a household’s energy bills? Yes, reducing water usage was also why manufacturers created the idea of tankless water heaters. You will stay supplied with hot water as soon as tankless versions only heat water as you need it, which may encourage you to take shorter showers and be more aware of your water consumption.
If one wants to buy an upgraded version of a heater, one can always go for the one with water-saving facilities. It would only heat water the amount that has been assigned. As a plus point, they also have remote controls and can even have smartphone compatibility as a cherry on the cake. This enables you to modify the settings and temperature of your water heater from any location within your house.
One Can Get Rebates And Also Tax Incentives
Some utility companies provide rebates and tax incentives as a reward for people who try to use eco-friendly and energy-saving appliances at home. Tankless water heaters are one such home appliance. Users might be lucky enough to cut a chunk of their energy bills.
These utility companies help by giving discounts. These discounts make installing a tankless water heater less expensive by offsetting the initial costs.
With all the highly efficient advantages highlighted above in the article, it is clear to any reader how beneficial tankless heaters can be for a household. They are eco-friendly and extremely cost-effective in the long run. Moreover, anyone would like to save some dollars because electrical machines cost a fortune.
Fortunately, people can rest assured that tankless heaters can be a bit pricey, but they will surely bring returns after the installation. The family will be satisfied with the service it has to offer. Hence, these heaters are the best investment a person can make if they want value for money! So why not choose a reputed manufacturer and get this super-efficient appliance?