A tankless or on-demand water heater is just that: a water heater, minus the tank. On-demand water heaters only heat water when you turn on a faucet as it flows through the system. There is no storage tank that has to be continually kept at 120F degrees like a traditional tank style water heater.
The biggest difference between a tankless water heater and a traditional water heater is the on-demand nature of it.
BENEFITS OF ON DEMAND WATER HEATER
One of the big advantages of a tankless water heater is that when you turn on the hot water faucet, you don’t need to wait for the hot water to warm up – it’s there for you, immediately. Electricity or a gas burner constantly warms the water; thus the reason it is called “on-demand.” You can expect an average cost savings of 20-35% off your monthly energy bill, dependent upon the quantity of water your household requires. The savings are due to the fact that tankless water heaters do not have to continually heat water as is necessary for a tank style water heater. Also, a tankless water heater is 97% energy efficient, compared to 60% energy efficient for a typical tank style water heater.
The instantaneous nature of tankless water heaters also will save money on your water bill. There is no longer the 2-3 minute wait as the water warms up to wash your hands or take a shower, so your family members can immediately use the water and not waste a lot of gallons with each use.
Think carefully about this decision to switch or upgrade – call us to come out and take a look at your home or place of business. We’ll be happy to give you an estimate!