In conventional water heaters, water is heated constantly in order to maintain a certain temperature in the water storage tank. If the heated water is not used, the energy that was used to heat it will be lost. This loss of energy is called a standby loss, and it represents about 10-20% of a household’s water heating costs.
The main advantage of tankless water heaters is that they provide hot water on demand while reducing the energy lost during standby intervals. Other appealing factors include easy operation, elimination of standby losses to lower operating costs, and a higher life expectancy than that of a storage tank heater.
Because tankless water systems function on an on-demand basis, they don’t require a holding tank to store pre-warmed water in stark contrast to conventional water heaters that are bulky and take up lots of space due to their large storage tanks. As a result of their smaller size and wall-hung mounting, tankless water heaters also serve to save precious floor space that can be used not only in houses, but in other residences such as apartments and condominiums.
Homeowners looking to save on energy, money and space this year should consider installing a tankless water heater for their home. Contact Premier Heating and Cooling today to book an appointment with one of our HVAC specialists. 519-245-5945