If you're ready to purchase a new hot water heater, you need to determine whether you want to purchase a traditional model or a tankless hot water heater. While tankless hot water heaters are typically more expensive than traditional models, you might find that the benefits of having a tankless hot water heater outweigh the difference in price. So, before you make a purchase, learn more about how installing a tankless hot water heater can benefit you.
One of the largest advantages of installing a tankless hot water heater is that it saves a lot of space. Tankless hot water heaters can be installed on either an exterior or interior wall, and they are a lot smaller than traditional models. Traditional hot water heaters have to be large so that they can hold the heated water. A medium-sized 80-gallon hot water heater, which works well for about three to four people, typically stands four feet tall and measures 22 inches in diameter. Tankless models are quite a bit smaller, because they don't store any water. Instead, they heat the water as it's needed.
Traditional hot water heaters typically last anywhere from 10 to 13 years. However, tankless hot water heaters are designed so that they last up to 20 years. So, if you're planning to own your home for a long time, you could avoid the cost of replacing your hot water heater again in the next decade by installing a tankless hot water heater now.
Tankless hot water heaters save around $108 per year when compared to the cost of running a traditional, gas-operated hot water heater, and it costs around $44 per year less to operate a tankless hot water heater than it does to run a traditional, electric hot water heater. Sure, the savings aren't huge, but installing a tankless hot water heater in your home will lower your utility bills.
When compared to traditional hot water heaters, tankless models are the more environmentally-friendly option. They use less energy to operate, because they only heat the water when needed. Also, it's common for traditional hot water tanks to end up in landfills, so purchasing a tankless model helps protect the environment in multiple ways.
Whether you install a traditional hot water heater or a tankless model is up to you. However, if you're looking for an option that is environmentally-friendly, saves you money, and doesn't take up a lot of space, a tankless hot water heater is a good option. Click here for more info about water heater repair.