Modern homes would not be the same without water heaters. Can you imagine having to take a cold shower or bath every morning? Or how about walking down to the local pond, river or lake to bathe in their icy cold waters? And I’m pretty sure sure that most people don’t want to go back to only taking baths 4 times a year like in the middle ages (Seriously, they only bathed at Christmas, Easter, the end of June and the end of September). So, having a constant flow of hot water is really necessary in our homes today.
If you’re in need of a new water heater, you may be debating whether to use a traditional water heater or a newer tankless water heater in your home. Today, I will go over what makes each type of water heater advantageous.
Traditional Water Heaters
Every new water heater built after 2015 must abide by the NAECA Standards (National Appliance Energy Conservation Act). The majority of tankless water heaters already meet these requirements. If you are replacing a traditional water heater that stores heated water in a tank, there are new and more efficient options for your home.
New electric models can consume up to 50% less energy.
New gas models can consume up to 25% less energy.
New electric models can save up $300 a year on electricity bills according to the DOE (U.S. Department of Energy) estimates.
New gas models can save up to $100 a year on gas bills according to the DOE (U.S. Department of Energy) estimates.
New models are about 2 inches bigger because of the extra insulation and the newer heat pump technology in them.
Tankless Water Heater
Tankless water heaters are quickly becoming a favorite for new homes and home updates. Instead of storing hot water in a tank, tankless water heaters rapidly heat water on demand. Depending on your hot water usage, you could save $70 to $120 on your water bill each year. Over time, you can recoup the cost, installation and maintenance fees of your tankless water heater through utilities savings.
Takes up less space.
Longer lifespan of 20 to 30 years if properly maintained.
Near instant hot water on demand.
Longer warranties – 15 to 20 years.
Save money on utilities, $70 to $120 a year depending on usage.
Older homes may require retrofitting to connect a tankless water heater.