What if we told you that you could cut water heating bills without
compromising water availability? That is the proposition of tankless
water heaters. For most homeowners, low-cost water heating is a
priority, so it makes sense that you would opt for an
energy-efficient tankless water heating system.
Energy efficiency and low utility bills go hand in hand. But how
energy efficiency factors into lower long-term operating costs isn’t
clear-cut.
At M.D. Plumbing & Mechanical, we analyze whether tankless water
heaters save money. So let’s get into it.
What Are Tankless Water Heaters?
Tankless water heaters or on-demand heaters deliver hot water to
your faucets when you need it. Traditional tank heaters store hot
water and release it when you open the tap. In contrast, tankless
systems use rapid heating powered by gas or electric devices to heat
the water as it passes through the machine.
The low initial upfront cost is one of the main reasons tank water
systems are still in use. But tankless systems provide an appealing
option for the Charlotte homeowner looking to lower utility costs.
How Much Can a Tankless Water Heater Save?
The US Department of Energy points out gas-fired tankless heaters
save $108 annually. Electric tankless heaters save $44 for the same
period. Knowing the pricing model is imperative before you rush to
the store and buy the tankless system.
In addition to backflow prevention, MD Plumbing & Mechanical also
provides other plumbing services to the Locust community, including
installation, repair, and maintenance of plumbing fixtures and
systems. They are fully licensed and insured, and their team of
experienced plumbers is dedicated to providing high-quality service
to their customers.
Conventional tank water heaters use far less energy. The water must
always be hot in a tank system even when you aren’t home. The result
is the system running up your bills through constant heating and
reheating.
In contrast, tankless systems only use energy when needed. The
advanced heating technology keeps running until you switch off the
hot water faucets. The differing operating modes mean tankless
systems use less energy than their tank counterparts.
Most homeowners don’t enjoy lower utility bills. Tankless systems
mean you have constant hot water access.
Here’s some quick math to jog your brain—electricity bill+ water
bill= utility bill. Increasing your water usage by 30% and lowering
your electricity bill by 30 is a classic example of robbing Peter to
pay Paul. Using the same gallons per day on a tankless system will
dramatically cut down utility bills.
The sweet spot is installing multiple tankless systems in your
house. By doing that, you can reduce your utility bills by up to
27%.
Other Benefits of Tankless Systems
Besides saving money, here are other benefits tankless systems
confer to you:
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The compact designs save space. If you live in a condo or a home
where space is a concern, tankless systems are the solution.
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Instant water heating means you won’t wait even seconds for the
water to heat.
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Tax breaks for installing the system. You can get a 10% tax credit
for tankless water heaters.
The Ideal System
If you are looking for a hot water system, you will find a
gas-powered tankless system the ideal choice. The compact design
enables you to fit the system in tight spaces in your home. Also,
you get an unparalleled hot water supply without increasing your
electricity bill.
Let Us Pick the Right Tankless Water Heater for You!
Tankless systems have little net savings, but cumulatively the
savings enable you to spend your money on other things. Therefore,
always ensure you work with top-rated plumbing experts for your
installation.
At M.D. Plumbing & Mechanical, we are committed to providing you
with the best water heating systems. Our customer-centric approach
will have you benefiting the most from your water heaters.
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