Can a Tankless Water Heater Save You Money?
Learn the pros and cons of buying a tankless water heater
Tankless water heaters -- You keep hearing about them but quite frankly, you're a little skeptical. A never ending supply of water? Lower electric bills? Lower water bill? Could all of this be true?
Keep reading to learn the pros and cons of tankless water heaters before you make your decision to buy.
Tankless water heaters
First, what is a tankless water heater? We're all familiar with the big hulking hot water heater that most of us have in our homes. The conventional hot water heater consists of a large tank that has a heating element in it. The tank stays full of water and the heating element keeps the water hot until you need it.
The obvious problem here is that the heating element is always running to keep this large amount of water heated so it is ready at a moment's notice. This is where the large utility bill comes in.
So if a water heater consists of a large tank and a heating element, how can a "tankless" water heater function? The answer is pretty much the same way -- just without the tank.
A tankless water heater consists of a cold water input tube that feeds water into the tankless heater. The flowing water activates the heating element and heats the water. A tankless water heater can heat 2-5 gallons of hot water per minute.
-- Unlimited water supply
-- Lower utility bill...heats only the water needed
-- Small size takes up less space
-- Can't flood your home like when a tank leaks
-- Saves water
-- Initial cost is more expensive than a conventional water heater
-- Can't fill a bathtub as fast
As you can see, there are more pros for buying a tankless water heater, but the ultimate decision is up to you. Weigh the initial cost against the years of savings to see which is best for you.