Can a tankless water heater help save money? The answer to the question is yes, a tankless water heater can save money for home owners. However, there is a lot to consider when deciding if a tankless water heater in Fort Collins, Colorado, is actually the right system for specific needs and personal user preference.
Plus, there is budget to be considered as well. Because a tankless water heater can certainly save money, home owners have to look at it as a long-term investment.
High efficiency of water heaters
A lot of homeowners looking to buy a tankless water heater stop thinking about it when they see the price tag
A lot of homeowners looking to buy a tankless water heater stop thinking about it when they see the price tag on these systems. It is true that they cost more than what traditional tank water heaters do.
That initial investment should not necessarily deter home owners though, because the improved efficiency with which these systems operate can offset that initial investment and save money for home owners, provided they give it the time to do so. Interested individuals should contact Fort Collins Heating and Air Conditioning plumbers, if they are thinking about going tankless with their water heaters.
Tankless or ‘On-demand’ water heaters
For many homeowners, the mention of a water heater conjures up the classic image of a big, cylindrical tank in the basement. This was the standard for so long that it can be difficult to imagine providing hot water throughout a house without a tank of hot water waiting at the ready. That is exactly what is accomplished in using a tankless or ‘on-demand’ water heater.
Rather than storing hot water in a tank, a tankless water heater simply heats the water that one needs and whenever they need it. Cold water circulates through the system when residents open a tap or run an appliance using water in the house.
If it’s hot water that home owners are looking for, the system heats that water as it passes through. When one shuts off the hot water, the system stops heating it. It’s just that simple. But why pay more for a water heater, just to ditch the tank?
Avoiding standby energy loss
Modern hot water tanks are very well designed and efficiently well insulated
Modern hot water tanks are very well designed and efficiently well insulated. The fact remains that no water heater tank is immune to the effects of standby energy loss, though. Keep in mind the basic principle of heat, it moves from warmer areas to cooler ones. And the air surrounding the water heater is definitely way cooler than the hot water stored inside the tank, right?
That means that some energy is going to transfer through the tank and into the cooler air surrounding it. It may not be much heat, but over the years, that is going to really add up. This is why so many home owners are starting to turn to tankless water heater systems, despite them being more expensive than traditional water tank water heaters.
Long lifespan and energy savings
An added benefit to the tankless water heater is the fact that it has such a long lifespan. If residents plan to be in their home for many years to come, they should not be turned off by investing in this relatively expensive technology.
Where a tank water heater has lower efficiency and lasts around 12 years or so, a more efficient tankless water heater can last in excess of 20 years, depending upon its maintenance and service. That means a lot of years of improved efficiency and energy savings for home owners.
