A good chunk of homes on the market today come with normal water heaters. These heaters work by heating up water and then storing it in a large tank. The tank itself has quite a bit of insulation around it so that the water can stay warm for as long as possible. When the water starts to get cold the tank will recirculate the water and heat it up again. While this process will still give homes quite a bit of hot water on demand, it has one innate flaw. It uses energy constantly. Water cools down rather fast and the water heater has to constantly reheat it. This constant flow of water costs you as the payer of either the gas or the electric bill money.
A tankless water heater is an upgrade to the normal water heater. A tankless water heater will only provide water on demand. When you turn on your faucet cold water goes into a heating element. This heating element is either powered through electricity or gas. The element heats the water up and then sends it to your sink. It works in a very similar way as a normal water heater except for the fact that the heating element heats up the water much faster than in a normal water heater. Since it can heat the water so fast there is no need for a storage tank.Tankless water heaters save you around 25% on your energy bill. This savings will quickly catch up with the initial cost of the install and the tankless water heater itself. When it comes time to decide on which water heater you want there are a few things to keep in mind. First and foremost you need to decide if you want an electric or gas type of water heater. Depending on your local gas and electricity prices either one can save you more money. In general gas water heaters are able to provide more hot water per minute than electric ones can.If you own a large home you may need to consider buying multiple tankless water heaters. Depending on your daily hot water usage we can make a recommendation on how many you will need. Often times families will purchase a single main unit for their house and a separate smaller unit for either their dishwasher or washing machine. These units are set up in parallel and, when used correctly, can save you quite a bit of money!