Is your family constantly running out of hot water during your daily shower routine? Are you looking to lower your monthly energy bills? Tankless water heaters are an environmentally friendly and popular solution to hot water heating.
But what’s the difference between tankless and traditional water heaters? Let’s break down tankless water heater pros and cons to see if this new energy efficient technology is a good fit for your Mercer, Middlesex, or Somerset county home.
Tankless Water Heaters vs. Storage Tank Water Heaters
Water Heater Size
Because tankless water heaters don’t need to store any water, they are much more compact than traditional water heaters and are usually mounted on your wall, saving you space.
On-demand water heating
Traditional storage tank water heaters keep dozens of gallons of water heated on standby for use, but tankless water heaters heat cold water instantly as soon as you turn your hot water tap on, and only heat as much water as you need.
When it comes to energy efficiency, tankless water heaters have a significant advantage over traditional water heaters. According to the Department of Energy, homes can see as much as a 50% savings in monthly energy costs by switching from traditional to tankless water heaters.
Life of unit
A tankless water heater has, on average, a 2 to 3x longer lifespan than a traditional tank system—and lasts for roughly 20 years, compared to 8 to 12 years for a tank-type heater.
Cost of a Tankless Water Heater
How much do tankless water heaters cost? Depending on the model, between two and three times the cost of a traditional system, making the initial cost one of the biggest deterrents many homeowners face when deciding between systems.
How Can You Save Money with Tankless Water Heaters?
While the upfront cost of tankless water heaters means you’ll be making a more significant upfront investment, there are two main ways that tankless water heaters will save you money in the long run:
1. Monthly energy savings
2. Longer lifetime of a tankless unit
According to ENERGY STAR, a family of four can save $95 per year with an energy efficient tankless heater compared to a conventional tank system, or $1,800 over the unit’s lifetime.
Call Princeton For Your Tankless Water Heater Needs
Choosing between water heaters can depend on a number of factors, including the hot water demand in your house, your budget, and assorted insulation costs (for example, an electric heater will require proper voltage and a circuit breaker).
At Princeton Air, we have years of experience installing and servicing a wide variety of hot water heaters, from traditional tank systems to tankless, and can help you find the right size and type of water heater for your central New Jersey or southeastern Pennsylvania home.