Your electrical hot water tank heater cycles all day and night, keeping the water hot and wasting energy. The fact that it is constantly running also means that it will burn out sooner than it needs to. Tankless water heaters, on the other hand, will only fire up when it senses water flow, or when you open the faucet. These nifty units are also much smaller, since they are not attached to a large tank, making them ideal for smaller households.
Fast Hot Water Heater Facts
- 17-25% of the average home's energy consumption is attributable to the water heater.
- In homes with lower hot water usage, a tankless hot water heater can be up to 34% more efficient.
- In homes with high hot water usage, a tankless hot water heater can be up to 14% more efficient.
- You can save between 27-50% in energy by installing an on-demand hot water heater at each of your faucets.
- Tankless hot water heaters don't produce any standby energy losses, since it doesn't use storage tanks.
- When you turn on your faucet, cold water will travel through the pipes into the unit. It uses either an electrical element or gas burner to heat the water.
- Since it heats the water directly rather than through a tank, tankless water heaters can supply a constant stream of hot water. No more waiting for the tank to fill up!
- There's no need to wait for the tank to fill up - the water is just there, making it the perfect addition to your energy-efficient home.
- Opting for a tankless hot water heater means that you can save space. Instead of a large 80-gallon tank, you can use that space for storage of living space.
- Tankless water heaters have an estimated to have a 20 year lifespan, compared to the average of 10 years that most electrical tank heaters last.
Downsides of Tankless Hot Water Heaters
The only downside to tankless hot water heaters, is the fact that they offer a limited output. However, this challenge is easily remedied by installing more than one unit, according to your needs. While it has a somewhat higher upfront installation cost than conventional gas water heaters and high efficiency tank models, it will last much longer and provide savings and increased efficiency in no time. Best yet - you may be entitled to a federal tax credit on your purchase and installation.
When buying a new hot water heater, there are numerous factors to consider:
1. Your family's water requirement: If you have a large family, you will need more than one hot water heater for sufficient supply.
2. Cost: The upfront costs may be more with a tankless heater, but the fact that it lasts so much longer, and provides many modern conveniences and energy efficiency.
More and more homeowners are calling Toronto plumbers to install on-demand, tankless hot water geysers. If you'd like to learn more about how you can make your home more efficient with a tankless hot water system, get in touch with Anta Plumbing today.