Tankless hot water systems are generally more expensive than traditional tank-based systems, but that shouldn't put you off. Aside from providing the luxury of an unlimited supply of hot water, tankless water heaters can actually help you save money in several key ways, so they are definitely worth thinking about when you need to replace your current system.
Here are just four ways tankless hot water systems can help you save money.
1. Reduced Energy Consumption
The most obvious reason tankless water heaters help you save over time is that they use far less energy than traditional systems. With a traditional hot water tank, water must be regularly reheated to ensure it is there when you need it. In contrast, a tankless hot water system only heats water when you actually require it and only needs to heat the water you are going to use. Additionally, tank-based systems start to lose their ability to store hot water over time, which means you'll steadily find your energy bills increasing. By switching to a tankless system, you'll dramatically reduce your energy consumption, and that's only going to become more beneficial as energy costs rise.
Some people assume that tankless hot water systems won't last as long as traditional systems, but this is not true. Thanks to their rugged modern construction and the fact that they don't need to work nearly as much as tank-based systems, tankless hot water systems are extremely durable. As such, you won't need to worry about going through the expense and inconvenience of replacing your hot water system for a very long time.
3. Minimal Maintenance
When you have a hot water tank, sediment build-up tends to be a problem and the anode rod needs to be checked and replaced regularly to keep corrosion in check. Tankless systems generally require less maintenance, especially as they age. In fact, many don't require routine maintenance until many years have passed. Even when they do, most models have plenty of replacement parts, so carrying out any necessary work isn't going to eat into your bank balance.
4. Convenient Installation
Some cost savings start before your tankless water heater is even turned on. Since tankless systems don't require gas lines or further hot water plumbing systems, they are very easy to install. They simply need to be mounted on a wall next to an outlet, and the fact they are so much smaller and lighter than traditional tank-based systems means this can be done quickly and without needing to worry about making extra space.
For more info about hot water system replacement, contact a local company.