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Will a Tankless Water Heater Help You Save Money?

If you’ve been thinking about installing a new water heater in your Lubbock, Texas, home, you should strongly consider investing in a tankless option. Installing a tankless water heater can end up saving you a great deal of money while providing all the hot water you need.

Tankless vs. Traditional

Before we discuss the benefits of tankless water heaters, it’s important that you understand how they differ from traditional systems. As you can probably tell from their name, the biggest difference between tankless and traditional water heaters is the presence of a tank.

Traditional heaters are equipped with a tank that stores heated water, which can be a problem if you have a large family. Once the water in the tank runs out, you’ll have to wait for it to refill and heat up the new supply before you can enjoy hot water. Tankless water heaters work on demand, which means they heat water as needed instead of storing a supply. As long as too many people aren’t trying to use the hot water at once, a tankless water heater will provide hot water whenever you want.

Saving You Money

The biggest reason to install a tankless water heater in your home is the desire to save money on your energy bills. Tankless water heaters use significantly less energy than traditional heaters, potentially saving you hundreds of dollars on your monthly energy costs.

Tankless water heaters are more cost-effective because there’s no wasted energy. Unlike traditional heaters, which must continuously use energy to keep the water in the tank warm, tankless water heaters only use energy when you turn on the hot water faucet. Depending on how much hot water your family uses, you should notice a big drop in your energy bills after installing one of these heaters.

If you want to save money by installing a tankless water heater, call Duncan Heating & Air Conditioning, Inc. & Plumbing today at (806) 798-1738. Our team will install your tankless heater in your home so that you can enjoy on-demand hot water and lower energy costs.

Image provided by Shutterstock

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