There are many reasons for using a tankless water heater to save money. We have found these money-saving facilities from tankless water heaters by analyzing all models from different brands’ features. In this article, we are trying to describe those reasons for answering this question: How do tankless water heaters save money? Every tankless water heater unit is also known as a demand water heater.
Let’s have a look at those reasons:
- Give On-demand hot water
Suppose you compare both the traditional tanked VS tankless water heater. In that case, you will easily find that tankless water provides hot water in need but a traditional tanked water heater storage water and keeps heating the water for day long. On the other hand, a tank-less water heater does not store water. It provides hot water when you turn on your faucet; it is known as an on-demand water heater. That is another important reason to save your money.
- Energy-saving factor:
A standard home needs 41 gallons or less of hot water daily. Just think about that if a traditional tanked water heater keeps heating this amount of gallons daily. As a result, it consumes a huge amount of energy. On the other hand, on-demand top tankless water heaters provide this amount when you need it. So, the tankless unit can save energy 24 to 34 percent compared to the traditional tanked water heater.
- Longer Life:
Every tankless water heater unit comes with a longer life warranty than a traditional tanked water heater. You may ask a question tankless is a more costly unit than a tanked water heater. But dear, each model of the tankless unit comes with a minimum of 15 to 20 years of warranty with heat exchanger replacement. At the same time, we have found some models with a lifetime warranty period. On the other hand, most traditional tanked water heaters come with only 5 to 10 years of warranty.
- Avoid standby heat loss:
This is another reason behind saving money for home and industrial use of a tankless water heater. As we said before, it can provide on-demand hot water, so it does not consume energy when in standby mode. On the other hand, a tanked water heater consumes energy when it is in standby mode because the tanked water heater storage water and keeps heating the water for a day-long or until you switch off the whole unit.
At the end of this session, we can say that after reading carefully of this article, we hope you understand why expert says the foremost tankless water heater is an energy saver unit, which makes it a money-saving water heater device in the market. So without any doubt, you can buy a tankless water heater, whether it is an outdoor unit.