What if you could check a number of to-dos off your daily list — such as laundry, dishwashing, showers, baths for the kids and perhaps one for yourself — without having to devise a hot-water schedule? Well, you can.
“With a tankless water heater, your house has an endless supply of hot water upon request — it’s the smart way to get the hot water you need, when you need it,” said Brandon Sheets, retail sales manager at Jacuzzi Tankless, a provider of tankless water heaters exclusively available at Lowe’s.
“Because water is heated only when demanded, there is no risk of running out. With a traditional tank-style water heater, once stored water is depleted, it can take more than 30 minutes to reheat the tank.”
But, an endless supply of hot water isn’t the only reason homeowners are taking notice of tankless technology. Tankless water heaters offer a myriad additional benefits.
1. They’re more energy efficient and reduce energy costs. Tankless water heaters are more energy efficient than a standard storage water heater. According to the U.S. Department of Energy, in some cases tankless technology can reduce monthly utility bills up to 40 percent. In addition, most tankless water heaters are Energy Star qualified.
2. Small, plus longer life span. The size of a carry-on suitcase, tankless water heaters are wall-mounted and require a fraction of the space of a traditional tank-style water heater, which frees up floor space. In warmer climates, a tankless water heater can even be installed on the home’s exterior.
Tankless water heaters have about double the life span of a traditional tank — up to 20 years — making them a better value in the long run.
3. A $300 tax break and rebate options. Homeowners can also receive a tax break by installing a qualifying tankless water heater by Dec. 31. Qualifying tankless water heaters must have an Energy Factor of at least .82 to receive the $300 federal tax credit. Homeowners can also take advantage of applicable tankless water heater rebates through their local gas companies.
4. Not a DIY. Installation can be done by a licensed contractor who is trained to handle the plumbing, gas, electrical and venting aspects of a tankless water heater, including local and national codes.