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Tankless water heaters have been growing in popularity for several reasons, including their high energy efficiency and small physical footprint. If you’ve been considering a new water heater for your Vero Beach home, it’s certainly worth determining whether a tankless water heater could help you save money and improve your comfort over the long term. Tankless water heaters work differently than storage water heaters, activating only when they are needed to produce hot water quickly and endlessly for use in your home. Understanding the situations in which a tankless water heater is best for your home can help you make the right choice the next time you call your Vero Beach plumber for water heater replacement.

Estimated Savings

Tankless water heaters are highly-efficient water heating systems that don’t suffer from standby heat loss. Storage water heaters maintain a ready reservoir of hot water, which cools down over time due to thermodynamic heat transfer from the water in the tank to the outdoor air. Because of this process, storage models must continually heat their water reservoirs to keep water at the right temperature. By contrast, tankless water heaters only heat water while you’re using it, then shut off until activated again. This difference can account for energy savings of 14—34% for a whole-home water heater, and savings of up to 50% when multiple point-of-use systems are installed. ENERGY STAR estimates savings of up to $100 per year or greater for the average family following tankless water heater installation. Because tankless water heaters will last twice as long as a storage model, you’ll also save on replacement costs by prolonging the amount of time your current water heater remains in place and provides hot water for your home. The average storage water heater will require replacement every 10—15 years. Tankless water heaters also typically come with longer-lasting warranties, which can offer added financial protection for your water heating system if it breaks. Finally, if a tankless system does break, it’s much less likely to result in a potential flood that causes water damage to your home, which is a common occurrence when storage tank water heaters corrode.

Estimated Costs

Like all new water heater installations, adding a tankless water heater to your home is associated with some costs. Tankless water heaters often cost more upfront to purchase than their storage counterparts, and it’s also important to make sure your home’s existing electrical system or gas line is compatible with the tankless system you want to install. Once you know the type of product you want, talk to your plumber to get an accurate idea of the total installation costs, especially if modifications will be necessary to power the unit. Your plumber can help you calculate your expected energy and water savings with the tankless water heater over its predicted lifetime to give you an idea of the time it will take to recoup any installation costs if you are concerned about the higher initial investment associated with a tankless system.

Our Vero Beach plumbers have experience with a variety of home plumbing products and services, including storage and tankless water heaters. You can find out more about replacing your home’s water heater with the right product when you visit our website, where you’ll also find more home plumbing information on our monthly blog.

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