Benefits of Tankless Water Heaters

May 20, 2023
Posted in: Homeowner Tips

When purchasing a new tankless water heater, it is imperative that you choose the correct one that is adequate to supply your household with sufficient hot water. Some factors when choosing to buy a tankless water heater include the type of fuel it runs on, the brand, energy efficiency, warranty, and so on.

A recent technological advancement that supplies hot water only on demand, tankless water heaters can be a great addition to your household as they reduce your utility bills, improve energy efficiency, and save space. In this guide, we will share with you the benefits of tankless water heaters and how they can improve your home’s energy efficiency.

What is a tankless water heater?

Also known as an on-demand water heater, a tankless water heater is a standalone unit that supplies hot water to your home instantly. Unlike conventional water heaters, they do not have storage reservoirs, and they can also provide uninterrupted hot water on demand. The process of heating up the water happens instantly through thermal conductivity as water moves through the heater and into your household’s plumbing system.

Benefits of Tankless Water Heaters

One big advantage of investing in a tankless water heater is that it has a longer lifespan than traditional water heaters. Most tankless or on-demand water heaters can last up to 20 years or more with proper maintenance, while traditional water heaters generally last on average 10-15 years.

In addition, tankless water heaters come with long-term warranties, which as a homeowner, gives you peace of mind and minimizes frequent repair and service costs.

Greater Energy Efficiency

Tankless water heaters have greater energy efficiency than traditional storage water heaters. For homes using 41 gallons, or less, of hot water in a day, on-demand water heaters can provide 24-34% greater energy efficiency. While for households that use a lot of hot water in the range of more than 86 gallons per day, the energy efficiency can be 8-14% more than the traditional water heaters.

Reduced Energy Costs

Since on-demand tankless water heaters provide hot water instantly, and no storage tanks are involved, the loss of energy is minimal which means greater efficiency and reduced energy costs. Households can save $100 or more annually with today’s energy-efficient on-demand water heaters.

Unlimited Hot Water Supply

Perhaps one of the biggest reasons why tankless water heaters are so popular among modern homeowners is because they have the capacity to provide you with an uninterrupted and unlimited supply of hot water when you need it instantly. This is especially helpful if you are looking to upsize your current water heater or have a large household.

Takes Up Less Space

Tankless water heaters are compact in size and since they do not need any water reservoirs, they save a lot of space in your home and can be easily fitted.

Thinking of upgrading your current tankless water heater or switching to a new one? Call Taunton Trades – your HVAC experts in Durham and GTA for all your heating and cooling needs. Our friendly and professional team can help you find the right tankless water heater tank for your home.


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