- An Endless Supply of Hot Water
A conventional water heater has a fixed capacity. Once the hot water has been used it is backfilled by cold water which must then be brought back up to temperature. The time it takes to bring the water back up to temperature is called the "recovery time." A tankless water heater heats up the water on demand. There is no recovery time because whether you are using a gas, propane or electric tankless solution, the water gets heated up just as you need it.
- Going Tankless Can Save You Money
Keeping a conventional tanked water heater hot 24 hours each day, 365 days per year means that energy is going into creating hot water, even when you do not need it. In contrast, since a tankless water heater only heats the water when you need it, you have a real opportunity to save on your energy bills. The only situation in which you would not save money on energy when you go tankless is when take dramatically longer hot showers (just because you can!).
How much will you save? In general, it is possible to reduce your water heating utility bills by up to 50%, depending on your personal hot water use habits.
- Government Tax Credits Are Available
The United States Government has created a $300 Home Energy-Efficiency Improvement Tax Credit. This credit went into effect January 1, 2006 and extended through December 31, 2007.
While this tax credit was not renewed for 2008 it has been renewed for certain tankless water heaters placed in service in 2009! Click here for the full details on how you can save $300 on your 2009 USA Federal taxes!
In Canada, tankless water heaters may also qualify for a Canadian Tax Rebate!
- Tankless Water Heaters Last Longer
Tankless water heaters can last up to 20 years. Typically, conventional tanked heaters last only 10 years on average. Tankless water heaters spend significantly less time keeping water hot since they only go on when you demand hot water. This reduced time leads to a much greater service life.
- Tankless Water Heaters Save Space
Tankless water heaters hang right on the wall and take up much less space than conventional tanked water heaters. Why not free up some space?
