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Can I Really Save Money With an On Demand Water Heater?

on-demand water heaterAnyone who has looked into changing their water heater lately or even watched a few home improvement shows is probably familiar with the term ‘tankless water heater’.  The tankless water heater is also known as an on demand water heater, and many homeowners and plumbers alike are excited about the results. 

How Does It Work?

An on demand water heater is designed to produce hot water in an endless supply, as long as it is necessary.  And since they are designed to give you hot water whenever you want it, there’s no need for a storage tank in the house to store hot water.

There are basically two different types of on demand water heater; the gas-powered and the electric.  The gas-powered heater is run on natural gas or propane and requires a gas line to the water heater to function properly.  With an electric tankless heater and electric element is used to heat the water.  It must be hardwired to the circuit breaker or electrical panel, and some homes may require an upgrade.

What Are the Benefits?

Perhaps the biggest benefit of an on demand water heater for most homeowners is saving money.  Since this type of water heater only heats water when it is needed, saving 40% to 50% on your energy bill is not unheard of.

Another benefit is the endless supply of hot water that is available the instant you turn on the faucet.  They tend to last quite a bit longer than hot water tank systems, which will save even more money and you’ll save space in your basement because there is no bulky tank sitting there.  If you or your family members are always having to wait for someone else to get out of the shower to get some hot water, that will be a thing of the past, too.

Some Stats

In the beginning, an on demand water heater will likely cost more than a standard storage tank heater.  However, the energy efficiency will kick in after that and the extra expenditure will pay off.  Homes that use a high amount of hot water can realize up to 14% energy savings, while homes using a small amount, less than 41 gallons a day will be up to 34% more energy efficient.  If a heater is installed at each hot water outlet, that savings can rise up to 50%.

If it’s time for a new water heater or you’re building a new home, give ExpressRooter a call today so we can tell you more about the advantages an on demand water heater has to offer.

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