Is it time to topple the tank?
Experts say 30% of a home’s energy budget is consumed by heating water. That’s a lot of money left on the table. Old-style water heaters continuously heat water in the large tank, regardless of whether water is being consumed. Tankless designs heat water only when there is demand for it. Less water to heat means less cost—and a sleek compact design, optimizing basement storage space.
Understand your ROI: In general, a tankless hot water heater will cost you more upfront, plus more for installation. Weigh the cost of the tankless unit with your ongoing operating costs. Tankless water heaters are known to be 25% - 35% more efficient than any standard water heater.