Request a free assessment

Fill in the form bellow and our team will be in touch to assess your needs.

Heating
Cooling
Water heaters
& more
Add message
Thank you!
Your submission has been received and our team will be in touch shortly.
Oops! Something went wrong while submitting the form.
Discover available grants
Category
HVAC products

Efficient water heating: the benefits of tankless water heaters

An eco-friendly, cost-effective solution for on-demand hot water and long-term savings.
By
Prestige Team
April 3, 2024
5 min read
Share this post

Get a free assessment

Reserve yours now
Subscribe to our newsletter
By subscribing you agree to our Privacy Policy.
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
Share

The rise of energy costs and the continual push towards eco-friendliness have led homeowners to seek efficient alternatives for heating water. Among the frontrunners in this race towards efficiency are tankless water heaters. Unlike traditional tank heaters, tankless models heat water on-demand, which can lead to significant energy savings. Here’s an insight into how tankless water heaters work and the myriad of benefits they offer.

How Tankless Water Heaters work

Tankless water heaters, as the name suggests, do not store hot water for later use. Instead, they heat water directly as it flows through the unit, providing hot water only as it is needed​. When a hot water tap is turned on, cold water travels through a pipe and into the unit where it is heated by either a gas burner or electric coils, and then delivered directly to the point of use​. This on-demand heating mechanism eliminates the standby heat loss associated with traditional water heaters, thereby increasing efficiency​​.

Benefits of going Tankless

Energy efficiency

  • Tankless water heaters are lauded for their energy efficiency as they eliminate the need to continually heat a tank of water, reducing energy consumption​.
  • According to the U.S. Department of Energy, tankless water heaters can be 8% to 50% more energy-efficient compared to traditional tank-style water heaters depending on the amount of hot water used per day​​.

Cost savings

  • The energy savings translate to cost savings on utility bills over time. Switching from a tank-style water heater to a tankless model can save an average family of four about $100 per year, or over $1,500 throughout the lifetime of the system​​.

Continuous hot water supply

  • One of the significant advantages of tankless water heaters is the continuous supply of hot water, ensuring you never run out of hot water in the middle of a shower​.

Longer lifespan

  • Tankless units have a longer lifespan, often lasting five to 10 years longer than tank heaters, making them a more durable choice​.

Space-Saving

  • Due to their compact size, tankless water heaters can be installed in tight spaces, including closets and utility rooms, or even mounted on walls, saving valuable space in your home​​.

Federal Tax Rebates

  • Many tankless units come with a federal tax rebate of $300, providing an additional financial incentive for making the switch​​.

Tankless water heaters are not just a modern convenience but a step towards a more sustainable and cost-effective way of living. Their on-demand heating functionality, coupled with the potential for long-term energy and cost savings, makes them an attractive option for homeowners looking to upgrade their water heating systems. As we continue to tread on the path of eco-conscious living, embracing technologies like tankless water heaters is a prudent step forward.

Category
HVAC products

In the same category

The ultimate guide to residential heat pumps

‍Heat pumps are the unsung warriors of indoor comfort, able to both warm and cool your dwelling.
HVAC products
5 min read

How to choose the best heating system for your home

Discover how air-to-air heat pumps offer an efficient, eco-friendly heating solution for your home, contrasting traditional methods and aligning with global sustainable trends.
HVAC products
5 min read

Electric Furnace VS Gas Furnace VS Heat Pump

When it comes to heating your home, understanding the available energy sources is crucial. In Ontario, natural gas and electricity are prevalent, but homeowners in more remote areas may rely on propane or oil, which can be costlier. This article delves into electric furnaces, gas furnaces, and heat pumps, highlighting their benefits and considerations.
HVAC products
4 min read

The multi-faceted benefits of Air to Air Heat Pumps

A cost-effective, eco-friendly solution for year-round indoor comfort.
HVAC products
5 min read