Tankless water heaters, AKA on-demand water heaters, are units that make use of powerful burners to heat your water. Rather than storing hot water in a tank, these high-power burners warm water through a heat exchanger. From there, you’ll enjoy hot water, delivered directly through your faucets or showerheads.
In contrast with storage tank heaters, these units are often more efficient, eco-friendly, cost-effective, and space-effective. They can be anywhere from 22% to 34% more energy efficient than storage tank heaters. On top of that, you could save anywhere between 27% to 50% on your energy bills!
Of course, they aren’t without their drawbacks; no appliance is. The upfront purchase cost tends to be higher, and these units can sometimes take longer to heat when you have multiple water lines running simultaneously. Even so, they still might be worth the initial investment, depending on your situation.
Let’s take a closer look at how tankless water heaters stack up against storage tank heaters!
Why Choose a Tankless Water Heater?
Purchasing and installing a tankless water heater can both be costly investments. That said, if you can find the right unit and the right team, those can both be well worth the price tag. We think there are three key reasons why Illinois homeowners should consider tankless water heaters over storage tank units.
1. Tankless Water Heaters Save Time & Money
Most storage tank heaters only have a prime shelf-life between 6 to 12 years. Once things get to that point, the unit will wear, degrade, and more likely than not break down. In comparison, most tankless water heaters have a useful shelf life of between 15 and 20 years.
The initial investment in a tankless water heater is often costlier. But for that cost, you’re getting double the expected lifespan of a storage tank heater. While it costs more in the short term, it could also cost you less in the long term, as you can expect to pay less on utility bills and home service costs.
2. Tankless Water Heaters Occupy Less Space on Your Property
Beyond saving a significant amount of money in the long run, tankless water heaters also enable you to save a significant amount of space. Consider that a storage tank heater often holds between 30 to 50 gallons of water in its insulated tank. That’s a lot of storage space to take up!
If your home has close quarters and tight spaces, it might be difficult to find a spot to fit a storage tank heater. If that applies to your living situation, a tankless water heater may be the better option.
3. Tankless Water Heaters Are Friendlier to the Environment (Not Just Your Wallet!)
Bloomington-Normal homeowners who use tankless water heaters aren’t just saving money in the long run, but significant energy. If you use 41 gallons of hot water or less per day, you could stand to be 24 to 34% more energy efficient! Look for Energy Star-certified tankless heaters with high UEF ratings.
Need a Tankless Unit in Your Bloomington, IL Home? Consider Covenant Plumbing!
For support with tankless water heater service and installation, call Covenant Plumbing at 309-340-1403!
