Here in Ontario, more and more residents are looking at tankless water heaters to create a more energy-efficient home. Unlike the more traditional hot water heaters, which heat and reheat water so it is always hot when you need it, tankless water heaters generate hot water instantly with high powered gas burners or electric coils. While this instant heating needs more power, because the water is not being reheated over and over, they use less energy in the long run. According to Consumer Reports gas-powered tankless water heaters are about 22% more efficient. So let's examine some of the other benefits of choosing to go tankless.
- Tankless Water Heaters Provide Instant Hot Water:
Once the cold water from the pipes of the faucet is flushed out, the tankless water heater will provide you with an unending stream of hot water instantly. Typically a tankless water heater provides hot water at the rate of 2 to 5 gallons per minute. So they do deliver on their promise to supply hot water without needing a big tank.
- Tankless Water Heaters Last Longer Than Traditional Tank Heaters
One of the biggest benefits of going with a tankless unit is the longer lifespan compared to traditional heaters. For example, a standard high-quality water heater will last approximately 10 years. A tankless model will work for twice as long. As a homeowner, it can save you from not having to replace your tank every ten years or so.
- Tankless Water Heaters Save Space:
A tankless water heater can be mounted on the wall in an inconspicuous place in the basement. If you have a smaller home, saving space is another welcome benefit. Electric units have measurements in the 10-inch high to 7-inch wide range while gas-fired units have measurements in the 30-inch high by 20-inch wide range.
- Lower Monthly Costs:
Granted, these tankless systems cost more to buy and install, they are more efficient the monthly savings will add up. The average homeowner can expect to save hundreds of electric and water costs annually. Those who install gas tankless will see greater savings than electricity.
- You May Qualify For Special Financing And Tax Breaks:
Here in Ontario if you choose an Energy Star-qualified tankless water heater with an energy factor of 0.90, you may qualify for federal tax credits. Currently, you can receive a 10% tax credit for buying and installing a tankless water heater. This helps you save money not just on running the water heater, but on the purchase.
- Tankless Water Heaters Come With Longer Warranties:
Since they last longer than the traditional hot water heater, tankless heaters come with longer warranties. So if anything does go wrong, the homeowner will not have to pay for repairs or replacement. Depending on the make and model, warranties can last up to 20 years, which is the average lifespan of a tankless heater.
If you need to or are thinking of replacing your hot water heater here in Ontario, talk to the specialists at Care One Plumbing. With over a decade of experience and a commitment to every customer no matter the size of the job, we will help you choose the right options for you and your family so that everyone can enjoy the benefits of hot water at your fingertips