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Does a Tankless Water Water Heater Actually Save Money?

Does a Tankless Water Water Heater Actually Save Money?

When it comes to replacing your current water heater (presumably a storage tank), the word “tankless” typically comes into conversation. Unlike a traditional unit, a tankless model will hang on the wall, save space and money. Aren’t too sure how this little powerhouse could save funds each month? Here are some of the many benefits to consider:

Heats on Demand

Unlike a storage tank water heater, a tankless unit will heat your water on demand. This concept can be compared to plugging an extension cord into an electrical outlet: it won’t provide power until you choose to have it — and the same applies to your tankless unit. The minute you turn a faucet on, the wall-hanging unit will get a signal that it’s time to produce hot water. Within a matter of a minute (maximum), you’ll receive a generous supply of hot water!

Longer Life Span

Typically with a storage tank water heater, this specific unit will have an average lifespan of about 10-12 years, before having to replace it. When you opt for a tankless water heater, you’ll increase that number to about 20 years — which surpasses that initial expectancy. A tankless unit will make the perfect option for those who really want to obtain an investment value with their water heater.

Energy Efficient

Another great money-saving benefit of a tankless unit is that they’re energy efficient. The minute you invest in an energy efficient model, you’ll see your monthly utility bills drop significantly, since this device is half the size of a large storage tank unit.

Are you thinking about upgrading your storage tank water heater to a tankless model? Contact Parobek Plumbing, LLC. Contact us today at (512) 910-8123 to schedule your appointment!

Get in touch with your local professionals today to schedule plumbing and HVAC service: 512-910-8123!

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Sean Fuentes
Sean Fuentes
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As a real estate agent I need trades that can respond fast with detailed estimates. Parobek exceeded both of the expectations I had for detail response time and estimates. I will use them again and will refer them to future clients.
Patti Boteler
Patti Boteler
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I called Parobek Plumbing and Air Conditioning late this morning because my clogged toilet wasn't unclogging with the methods that normally work. It was important because I only have one toilet and work from home. It's 3 o'clock and Daniel left about 20 minutes ago and I have my unclogged toilet working perfectly now.
Nora Sue Vinson
Nora Sue Vinson
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The worker looked for a plumbing leak and was very thorough, patient, and kind. He did not stop until I found the problem and took the time to explain it to me in detail. I would hire him again. Very good.
Jamie Jonston
Jamie Jonston
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Parobek was amazing! we woke up to low water pressure and bubbling water right outside the house. i called parobek and they squeezed me in same day! our technician was Phillip and his service was excellent. he was super professional and knowledgeable. he put us at ease and answered all of our questions. we were so impressed!
Kathy Svodoba
Kathy Svodoba
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Today's service was just a switch-out of a faucet. I'm very satisfied. Within the last week, I had a number of of jobs done, including installation of a reverse osmosis system. I have been exceedingly pleased. The service was prompt, professional and everyone was courteous and knowledgeable. Thanks.