How a Tankless Water Heater Can Lower Your Energy Bills (and Increase Home Value)

An image showing a tankless water heater connected to a bathtub and bathroom sink

Did you know that nearly 25% of a home’s energy use is dedicated to water heating? That’s a significant chunk of your energy bill! If you’re looking for a way to reduce your utility costs while adding value to your home, a tankless water heater installation might be your solution. This technology, also known as on-demand water heating, offers more than just hot water on demand—it can help lower your energy bills and increase your home’s resale value.

Let’s discuss how energy-efficient water heating works, why a tankless water heater installation is a game-changer, and how investing in this system can provide long-term benefits for both your wallet and your home.

The Problem with Traditional Water Heaters

Before we talk about tankless water heaters, let’s first understand the problem with traditional ones. Conventional water heaters, also known as storage water heaters, heat and store water in a large tank. This means that water is constantly being heated to maintain the desired temperature, even when it’s not being used. While this may seem convenient, it’s an energy waste, as the unit continues to consume energy to keep the water hot, whether you need it or not.

Energy Consumption of Traditional Water Heaters:

  • Standby Heat Loss: The process of constantly heating stored water leads to standby heat loss, which means energy is used even when hot water is not needed.
  • Inefficiency: Older water heaters, in particular, tend to be less energy-efficient, often wasting up to 30% more energy than modern systems.

Tankless Water Heater Installation: The Solution to Energy Waste

A tankless water heater installation eliminates the need for storing hot water. Instead, it heats water directly as it flows through the unit, providing hot water only when you need it. This method of energy-efficient water heating is highly effective at reducing energy consumption, and it’s becoming the go-to choice for homeowners looking to save on their utility bills.

  • On-Demand Heating: Unlike traditional water heaters, tankless models don’t maintain a supply of hot water. When you turn on the faucet or shower, the unit kicks in and heats water instantly. This eliminates the need to continuously use energy to keep water warm.
  • No Standby Loss: Since the tankless water heater doesn’t store water, it doesn’t waste energy on standby heat loss. It only uses energy when heating water, making it much more energy-efficient.
  • Long-Term Energy Savings: Since tankless systems only use energy as needed, they can save homeowners up to 30% on their annual water heating costs. In fact, Energy Star estimates that a tankless water heater can save you about $100 annuallyfor a family of four compared to a traditional tank.

How Tankless Water Heater Installation Saves Money

While tankless water heater installation may cost more upfront than traditional water heaters, the savings over time can be significant. Here’s a breakdown of how it helps:

  • Lower Utility Bills: Tankless water heaters use less energy, which directly translates to lower monthly utility bills. Over time, these savings add up, often recouping the initial installation cost in 3 to 5 years.
  • Longer Lifespan: Traditional water heaters typically last 10 to 15 years, while tankless water heaters can last 20 yearsor more with proper maintenance. This extended lifespan means you won’t need to replace your unit as frequently, saving you money in the long run.
  • Efficient Water Usage: Tankless systems heat water on demand, meaning there’s no need to run the tap while waiting for hot water. This results in more efficient water use, which can reduce your water bill as well.

Adding Value to Your Home

In addition to reducing energy costs, tankless water heaters can increase your home’s value. Many potential homebuyers are increasingly aware of energy efficiency and the long-term savings that come with eco-friendly plumbing services. Having a tankless water heater can make your home stand out in a competitive real estate market, especially if your system is still relatively new.

Here’s how it adds value:

  • Eco-Friendly Appeal: As more people seek energy-efficient homes, having a tankless water heater shows your commitment to sustainability. This is a big selling point, especially for eco-conscious buyers.
  • Reduced Maintenance: Since tankless water heaters are more durable and require less maintenance, they present a lower long-term cost for homeowners. This is attractive to buyers who don’t want to deal with frequent repairs.
  • Modern, Efficient Living: With the growing trend towards green technology and energy-efficient systems, homes equipped with modern plumbing solutions like tankless water heaters are seen as more desirable. The initial higher investment could lead to a better resale price.

Choosing the Right Tankless Water Heater for Your Home

If you’re ready to reap the benefits of energy-efficient water heating, it’s important to choose the right tankless water heater for your home. Here are a few things to consider:

  • Size and Capacity: Tankless water heaters are sized based on the number of bathrooms and fixtures you have in your home. A unit that’s too small may struggle to provide enough hot water, while one that’s too large will be inefficient. Be sure to consult with a licensed plumber to determine the best size for your needs.
  • Fuel Type: Tankless water heaters can be powered by electricity or gas. Gas models are typically more energy-efficient, but the installation might require modifications to your plumbing system. Electric models are easier to install but may not be as efficient for larger homes.
  • Energy Efficiency: Look for units that are Energy Star certified for the best efficiency. Energy-efficient models reduce operating costs and help save money on energy bills.

The Importance of Professional Installation

Proper installation of a tankless water heater is crucial for its performance and longevity. If you’re considering tankless water heater installation, make sure to hire a licensed plumber with experience in installing these systems.

Here’s why a professional, licensed plumber is important:

  • Correct Sizing: A licensed plumberwill ensure that your tankless water heater is properly sized for your household’s needs, ensuring that it meets your hot water demands without wasting energy.
  • Manufacturer Specifications: Professional tankless water heater installationensures that the unit is installed according to the manufacturer’s instructions, which helps maintain the warranty and prevents potential issues such as inefficient heating or early system failure.
  • Avoiding Future Problems: Proper installation helps prevent common problems like overheating, inadequate hot water supply, or system damage, saving you costly repairs in the future.
  • Expert Selection of Eco-Friendly Solutions: A licensed plumbercan guide you in choosing the most energy-efficient and environmentally friendly tankless water heater options for your home, ensuring both maximum savings and minimal environmental impact.
  • Optimized Performance: Professionals have the tools and knowledge to optimize your system for peak performance, reducing energy consumption while providing consistent hot water whenever you need it.
  • Long-Term Savings: With a tankless water heater correctly installed, you’ll see a significant reduction in your utility bills, making it a sound investment that pays off over time.
  • Peace of Mind: When a licensed plumberinstalls your tankless water heater, you can trust that the job is done right, giving you peace of mind and preventing future headaches.

Call Lords of Plumbing for Energy-Efficient Water Heating!

A tankless water heater offers significant benefits for homeowners looking to reduce their energy costs and increase the value of their property. With energy-efficient water heating, you’ll enjoy lower utility bills, an extended appliance lifespan, and a home that stands out in the real estate market.

So, are you looking to lower your energy bills and increase your home’s value? Lords of Plumbing is here to help with expert tankless water heater installation in Santa Monica. With over 10 years of experience and more than 200 satisfied customers, we specialize in providing energy-efficient water heating solutions that save you money in the long run.

Our licensed plumbers ensure seamless, affordable plumbing services that fit your needs. Don’t wait – upgrade to a tankless water heater today and start enjoying lower energy costs and increased home value! Call us now at (310) 845-6027 or book online for a consultation.