If you’re in the market for a new water heater, you might consider converting to a tankless model. A lot of homeowners have seen significant cost savings in their annual utility bills by doing just that.
Perhaps the main reason why a traditional water heater costs so much over the years is the amount of wasted energy spent heating water that isn’t yet needed. Water heaters are typically designed to keep a reservoir of water at a specific temperature, so that when it is needed, you have hot water at your fingertips immediately. These basic water heaters don’t know if you’re gone on vacation, so they just keep reheating the same water over and over for no good reason. Tankless water heaters, though, heat the water as it’s needed, and they’re typically installed closer to your plumbing fixtures. While tankless heaters may require you to be creative regarding space, they could save you a lot of money in the long run.
