What Are the Advantages of Installing a Tankless Water Heater?

Tankless water heaters, which are also referred to as instantaneous or on-demand water heaters, are a technologically superior alternative to traditional storage heaters that can drive up your residential or commercial property’s energy consumption and monthly bills. If your goal is to reduce your carbon footprint and save a little bit of money at the same time, then tankless water heaters are definitely the way to go.

While converting your existing water heater into a tankless unit isn’t always a financially or logistically feasible option, it’s certainly worth considering. There are a lot of notable advantages to installing tankless water heaters, including decreasing your energy usage and saving you money in the long run.
Keep reading to learn more about how tankless water heater installation in Hamilton can not only lower your monthly bills but also improve water heating efficiency throughout your property.

How Does a Tankless Water Heater Work?

Traditional single-family storage water heaters rely on a ready reservoir of hot water. Turning on any tap in your home forces the storage tank to release hot water and direct it to wherever you are (e. g. a bathroom or in the kitchen). The depleted hot water is immediately replaced with cold water at the bottom of the tank to guarantee that the tank is always full, and you have hot water available when you need it.
One of the main disadvantages of this system is that the tank is always automatically refilled, which means that you’re essentially paying for the water in the tank whether or not it actually gets used.
Tankless water heaters, on the other hand, operate without a hot water storage system. Turning on a tap in your home activates the water flow immediately. Cold water moves through a pipe directly into the unit where it’s heated up in a matter of seconds with a gas burner or electric element and then delivered directly to the open tap. This entire process is executed so quickly that there’s no delay whatsoever from the moment the tap is turned on to the moment the hot water comes out.

What Are the Benefits of a Tankless Water Heater?

Tankless water heaters are slowly but surely gaining more prominence in the HVAC industry and there are plenty of good reasons for this. If you’re currently considering replacing your existing hot water heater, here are a few benefits of installing a tankless water heater.

Energy Efficiency

Many property owners have become increasingly conscious of their energy consumption over the past few years. While lowering costs is the main driving force behind this sentiment, conserving energy is also an important factor.

On average, tankless water heaters are about 24% to 34% more energy efficient than traditional storage tank water heaters. Households with small families that use less than 41 gallons of water daily can stand to conserve a great deal of energy and hot water usage by making a few simple behavioural changes to their regular routines.

Lower Utility Bills

Another upside to being more conscious of your energy and water usage habits is that you can actively lower your household’s monthly utility bills. The upfront costs for tankless hot water heaters are a little higher than storage heaters, but the higher monthly savings are undeniable. Tankless water heaters also have a significantly lower operating cost, which can save you hundreds of dollars a year.

Extended Lifespan

Compared to conventional hot water storage heaters, tankless water heaters have a much longer lifespan. As long as you administer proper maintenance and keep the unit in good working condition, most tankless water heaters can last upwards of 20 years and their parts are easy to find and replace when needed.

Parts for storage hot water heaters, on the other hand, are a lot harder to find. This can make maintenance and repairs more challenging. Plus, these units are only built to last about 10 to 15 years.

Save Space

Tankless water heaters are essentially a single wall-mounted unit. Hence, they take up a lot less space than conventional storage water heaters, which typically require a designated storage closet in the basement or a separate storage space. Tankless water heaters are a great alternative if you have a minimal amount of square footage and want to maximize your storage space.

Switching to a tankless water heater allows you to utilize more storage space for other belongings including seasonal clothing, household items, small appliances, holiday decorations, and more items you don’t need on a daily basis.

Eliminate Water Heating Wait Times

Don’t you just hate stepping into the shower or turning on the faucet to wash your hands and having to run ice cold water for a few seconds until it finally heats up to a tolerable temperature? Not only is this all-too-common practice highly inefficient, but it also wastes a great deal of water—a natural resource that many of us take for granted every single day.

By switching to a tankless water heater, you can completely eliminate water heating wait times in your home and better manage your household’s water consumption rate at the same time.

Reduced Noise Pollution

Water heater noise pollution is a serious issue for homeowners who are renting out their basement apartments to a tenant. Since hot water heaters are typically located in the basement, it can be a real nuisance if your unit keeps making noise every time someone in a different part of the house turns on a tap.

Unlike storage water heaters, tankless water heaters don’t accumulate large amounts of mineral buildup that causes the unit to make loud noises every time it’s in use. Plus, the compact nature of tankless water heaters makes them easier to install in more discreet and low traffic areas where they’re unlikely to bother anyone.

If you’re looking for a highly experienced and reliable HVAC contractor in Hamilton and surrounding areas, then MDM Mechanical is the right choice. We offer a variety of heating and cooling services to meet your needs including tankless water heater installation, repair, maintenance, and part replacements. Contact us today to learn more about our services or to book a consultation.

About Michael Mead

Michael Mead was born and raised in London, Ontario. He spent 5 years in Calgary, Alberta – and furthered his education in Natural Gas. If Michael isn’t working, he is at home with his son and wife or cooking for a large group of family and friends. Michael is extremely passionate about his business, and is constantly looking for ways to better himself as an employer.

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