Tankless Hot Water Heaters – an Alternative that Can Help You Save Money

With the winter months here, many of you are considering purchasing a tankless hot water heater. For those unfamiliar with this system, here is a basic description. This unit allows the water to heat only when needed. Here is an example: When you turn on your hot water tap, the cold water enters the heater and as the water flows through the heating element, the temperature rises. Therefore, when the hot water is turned off, the system automatically shuts down. This is a very cost effective unit to have in your home. Because people think it’s complicated to understand this, many stick with traditional systems. However it really can be helpful for savings.

Ranging in price from $400 to over $1000, the tankless hot water heater can save you approximately 25% to 30% to replace your gas heater; 40% to 50% to replace your electric heater. This translates to a $200.00 savings.

Tankless hot water heaters were designed to replace the old tank-type heater you have in your home. There are several models to choose from, and prices vary as well. The most popular units are the Aqua Star, Bosch, and Takagi Series. These units are shipped the same day and offer either propane or natural gas. There is another benefit to purchasing these heaters, and that is you may be eligible for a $300 Energy Tax Credit by the Federal Government. Note: Bosch and Takagi Heaters meet the requirements of this tax credit.

Needless to say, if the experts are correct about this being a brutal winter, you may want to think about purchasing a tankless hot water heater, which can benefit you financially and comfortably as well. Check out the aforementioned companies online to determine which heater is more suited for your needs. If anyone watched the weather channel to see the Denver weather over the Christmas and New Years holidays it is obvious how cold and windy it can get.

It’s also good to check your faucets in your home because sometimes the hot water will have a slow drip into the sink and this really can add up for your heating bills. I found this to be true in my second bathroom and because I don’t use it much I hadn’t noticed it. I suggest checking every sink in your home to see if there may be a little drip that occurs which you don’t pay attention to but can be an unnecessary expense.

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