Choosing The Right Water Heaters To Buy For Long-Term Savings

by Eccotemp Canada

When it comes to buying a water heater, you want to make a choice that will save you money in the long run. There are many options available, but one of the best choices for long-term savings is the tankless water heater. In this blog, we'll explain why tankless water heaters, especially Eccotemp tankless water heaters, are the best option. We'll also explore the basics of different types of water heaters and provide easy-to-understand information to help you make an informed decision about choosing the right water heater for your home.

Understanding Water Heaters

Water heaters are essential appliances in every home. They provide hot water for showers, washing dishes, and laundry. There are several types of water heaters, each with its advantages and disadvantages. The main types include:

    1. Traditional Tank Water Heaters: Traditional tank water heaters store a large volume of water in a tank and keep it heated all the time. While they are common, they can be inefficient and expensive to operate. The water in the tank needs to be heated continuously, even when you're not using it, leading to higher energy bills.

 

    1. Tankless Water Heaters: These tankless water heaters heat water on demand, which means they don't store hot water in a tank. This eliminates the need for a storage tank and can significantly reduce energy consumption.

 

    1. Heat Pump Water Heaters: These use electricity to move heat from one place to another instead of generating heat directly. They can be two to three times more energy-efficient than traditional electric water heaters. However, they are more expensive upfront and may require more maintenance.

 

    1. Solar Water Heaters: These use energy from the sun to heat water. They are environmentally friendly and can save a lot of money on energy bills in the long run. However, they depend on sunny weather and can be quite expensive to install initially.

 

  1. Point-of-Use Water Heaters: Point-of-use water heaters are small water heaters installed near the location where hot water is needed, such as under a sink. They provide hot water quickly without having to wait for it to travel from a central water heater. These are great for specific applications but may not be suitable as the main water heating system for an entire home.

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The Lifespan of Your Water Heater

The lifespan of your water heater is another critical factor in its overall cost-effectiveness. While the monthly energy costs are important, the durability and longevity of the water heater can significantly impact your expenses. Water heaters do not last indefinitely; many require replacement after a few years due to corrosion and wear.

However, tankless water heaters generally have a longer lifespan than tank models. Because tankless heaters do not store hot water, they are less susceptible to the corrosion that affects tank heaters. As a result, tankless models can last twice as long as traditional tank heaters, reducing the frequency and cost of replacements.

What is a Tankless Water Heater?

A tankless water heater, also known as an instant hot water heater or on-demand water heater, heats water only when you need it. Unlike traditional tank water heaters that store hot water, tankless water heaters don't have a tank. Instead, they use powerful burners or electric elements to heat water as it passes through the water heater. This means you get hot water instantly, without having to wait for a tank to fill up and heat.

How Does a Tankless Water Heater Work?

When you turn on the hot water tap, cold water travels through a pipe into the tankless water heater. Either a gas burner or an electric element heats the water as it flows through the water heater. This results in a constant supply of hot water. You don't need to wait for a storage tank to fill up with enough hot water.

Tank vs. Tankless Water Heaters

When it comes to choosing between tank and tankless water heaters, tankless models generally offer superior energy efficiency and lower monthly costs. Tankless water heaters, like those from Eccotemp, heat water on demand, eliminating the need to maintain a reservoir of hot water.

According to Consumer Reports, a traditional tank water heater costs about $245 per year to operate, while a tankless water heater cost only $195 annually. This efficiency not only reduces your energy bills but also conserves natural resources like water, gas, and electricity.

Tankless water heaters provide immediate hot water, eliminating the waste of running the tap while waiting for it to heat up. This feature enhances both convenience and resource conservation, aligning environmental benefits with financial savings.

Gas vs. Electric Water Heaters

One of the first decisions you'll need to make is whether to choose a gas or electric water heater. Gas models typically cost less to operate on a month-to-month basis due to the lower price of natural gas compared to electricity. However, these costs can vary depending on your location and the rates for gas and electricity in your area. Electric tankless water heaters provide an alternative to gas models, offering unique benefits. Electric models rely on powerful heating elements.

The efficiency of your water heater also depends on the groundwater temperature in your area. Colder climates, such as Minnesota, require more energy to heat water, making efficiency and energy savings even more critical for long-term cost management.

Why Choose a Tankless Water Heater?

Among these options, tankless water heaters stand out for their energy efficiency and long-term savings. Let’s delve into why a tankless water heater is a great choice.

1. Energy Efficiency: Tankless water heaters only heat water when you need it, avoiding the constant energy drain of maintaining a tank of hot water. This on-demand heating can save you up to 30% on your energy bills compared to traditional tank heaters.

2. Longevity and Maintenance: Tankless water heaters also boast a longer lifespan compared to their tank counterparts. Because they don’t store hot water, tankless models are less prone to corrosion and wear. On average, a tankless water heater can last about 20 years, roughly double the lifespan of a traditional tank water heater. This durability translates into fewer replacements over time, further enhancing long-term savings.

3. Space-Saving Design: Tankless water heaters are compact and can be installed in small spaces, freeing up room in your home. This is especially beneficial for smaller homes or apartments where space is at a premium.

4. Endless Hot Water: With a tankless water heater, you won’t run out of hot water. It heats water as it flows, providing a continuous supply. It is ideal for large families or homes with high hot water demand.

Eccotemp Tankless Water Heaters

When it comes to choosing a tankless water heater, the Eccotemp Tankless Water Heaters stand out as a top choice. Here’s why:

Cost-Effectivity

Lower Energy Bills: By heating water only when needed, Eccotemp Tankless Water Heaters reduce energy consumption, leading to lower utility bills. Traditional water heaters keep a large tank of water hot all the time, using energy even when you're not using hot water.

Affordable Pricing: Eccotemp offers competitive pricing compared to other brands in the market. While tankless heaters generally have a higher upfront cost than traditional ones, the savings on energy bills and the longer lifespan make them a cost-effective choice in the long run.

Efficiency

High Efficiency: Eccotemp tankless water heaters have high efficiency ratings, ensuring that most of the energy used goes directly to heating water. This means less waste and more savings.

Quick Heating: These heaters are designed to provide hot water quickly and efficiently, reducing the wait time for hot water compared to traditional tanks.

Long-Term Savings

Durability: Built with high-quality materials and advanced technology, Eccotemp tankless water heaters offer exceptional durability. With proper maintenance, they can last up to 20 years or more, which is significantly longer than the 10-15-year lifespan of traditional tank water heaters.

Maintenance and Repairs: Eccotemp water heaters are designed with easy maintenance in mind. Regular maintenance can prevent costly repairs and ensure the heater runs efficiently for many years.

Environmental Impact: By using less energy, Eccotemp tankless water heaters help reduce your carbon footprint. This is not just good for your wallet, but also for the planet

Maintenance Tips for Long-Term Savings

Regular maintenance is key to ensuring your Eccotemp Tankless Water Heater continues to operate efficiently and lasts as long as possible. Here are some maintenance tips:

1. Regular Cleaning

Mineral buildup can reduce efficiency. Descale your tankless water heater regularly to maintain optimal performance. Eccotemp’s EZ-Flush System Descaler Kit aims to eliminate these deposits effectively, so your tankless water heater continues to provide hot water efficiently for an extended period. It can be done annually or more frequently if you have hard water.

2. Inspect Venting

For gas models, inspect the venting system to ensure it’s clear of obstructions. Proper ventilation is crucial for safe and efficient operation.

3. Monitor Performance

Keep an eye on your water heater’s performance. If you notice any changes in water temperature or flow, it might be time to check for issues.

4. Annual Professional Checkup

Consider an annual checkup by a professional to ensure all components are functioning correctly and to address any potential issues before they become major problems.

Conclusion

Choosing the right water heater is crucial for long-term savings and efficiency. Tankless water heaters, like the Eccotemp Tankless Water Heaters, offer numerous benefits, including energy efficiency, long lifespan, and cost-effectiveness. Considering factors such as energy efficiency, lifespan, and the benefits of the tankless water heater, you can make an informed decision to maximize your long-term savings.

Investing in an Eccotemp Tankless Water Heaters is a smart choice for those looking to save money in the long run while enjoying reliable and efficient hot water. With proper installation and regular maintenance, you can ensure your water heater provides you with hot water for many years to come.