So, it’s looking as if you are going to need to replace your hot water heater pretty soon, so maybe it’s time to look at a tankless hot water heater. If you’re not familiar with these efficient little heaters, then it’s time to get an education. Take a look at your gas or electric bill: how much of that do you think the hot water heater takes up? Would you be surprised to know that a traditional hot water heater costs you a ton of money each month because even when you’re not using hot water, these tanks use energy to keep the water in them hot?
Now, imagine if you had hot water right away, whenever you needed it, even if the dishwasher is running and you want to take a long shower. Yes, this is what a tankless hot water heater can do for you, then when you’re done, it turns off. It doesn’t keep heating a tank of water, only to leave you cold at the end of your shower, and it doesn’t take a ton of time to get your water hot.
Okay, so the downfall is that tankless hot water heaters do cost a little more to get going, so if you don’t need to replace your current hot water heater, you might consider waiting, but the good news is that if you choose one of these very efficent models, you could get a big tax credit at the end of the year. In fact, many companies will give you all the forms you need to claim your credit, so you don’t have to do all the work.
Need another incentive? Your energy bills can drop dramatically and imagine how nice it will be to see that you are saving hundreds of dollars each year just because you chose to go with a tankless hot water heater? Plus, they are compact and will fit just about anywhere, unlike a big tank. So, if you are in need of a new hot water heater, a tankless hot water heater might be just what you really need to reduce your energy bills, get a tax credit and have hot water no matter how much you’ve already used.