Tankless water heaters have been getting increasingly popular in Vancouver for both residential and commercial use. But why is it so popular nowadays? If you’re looking to reduce your carbon footprint and looking for ways to invest in the future, tankless water heaters may be your solution! Once you have a basic understanding of what a tankless water heater is, we’ll get into the pros and cons of tankless water heaters.
Tankless water heaters are also known as an on-demand water heaters. The reason why it’s alternatively called an on-demand water heater is that it only heats up the amount of hot water needed with electricity, natural gas, or propane. So when you turn on the hot water in your tap, the cold water is quickly heated up in the heat exchanger and sent right to the tap in use.
Another added bonus of tankless water heaters is the compact size compared to a traditional 50 to 80-gallon hot water tank. Despite the small size, you’ll have hot water on demand as long as you don’t exceed the heating capacity.
Traditional water heaters are able to hold a large volume of water. All of the water that’s stored in the tank is heated all throughout the day. This is exactly why tankless water heaters are far more energy efficient and cost-effective.
Now that you have a basic understanding of what a tankless water heater is, let’s get into the pros and cons.
The EPA estimates that a tankless water heater uses up to 34% less energy than a storage tank water heater if you use 41 gallons or less of hot water daily. If the household uses closer to 86 gallons of hot water a day a tankless water heater will be up to 14% more efficient (1).
To understand more about the various sizes of tankless hot water heaters,
you’ll want to visit this article to find out more.
According to Energy.gov, “For homes that use 41 gallons or less of hot water daily, demand (or tankless) water heaters can be 24% to 34% more energy efficient than conventional storage tank water heaters.” Tankless water heaters (if gas-fired) will save homeowners over $100 annually the longer they remain in service (2).
As we mentioned earlier, depending on whether your on-demand hot water heater is powered by natural gas, propane, or electricity will make a significant difference on your utility bill.
Additionally, you’ll want to think about how much hot water is being used at a given time and how many households require hot water from the system.
Needless to say, installing a brand-new heating system is going to be an investment. When you look at the grand scheme of things and take into account how much you’ll be saving in the long run, you’ll know which heating system is right for you.
That being said, you may be wondering whether to upgrade to a tankless water heater or stick with a tank. You may find this article interesting if you’re on the fence.
Tankless water heaters are a fantastic option for those who have the desire to cut down on utility expenses in the long run and reduce their carbon footprint. There are various factors to consider before you jump the gun.