Save Money By Installing Tankless Water Heaters (2021)

Save Money By Installing Tankless Water Heaters (2021)

Installing Tankless Water Heaters To Save Money (2021): Buyer’s Guide

Saving Money and Providing Constant Hot Water

In most homes today, heated water is provided by a storage water heater. A storage water heater continuously heats water in storage tanks. As the water was consumed, the bottom of the tank filled with cold water. A heater would maintain the desired temperature by heating cold water. Ferrari Plumbing can help you install a tankless water heater for your home and provide a very smooth service.

Due to the fact that the water is constantly heated, energy is consumed to ensure that your home is supplied with hot water. The hot water in your storage tank needs the energy to maintain its temperature even when you are not using it. We can help you by contacting us to save money by installing and to prevent any errors by installing a tankless water heater.

You should reconsider purchasing a storage-tank water heater if you are planning to replace it or if you have just moved into a new house that requires a hot water heater. Instead, you should consider purchasing a tankless water heater instead.

Supply and demand are responsible for the operation of electric tankless water heaters. A storage tank does not heat the water in this system. Turning on your faucet/shower allows cold water to pass through the unit and heat it up with the assistance of a gas water heater or electrical element.

With a tank that is not being used to store water, and the water not being constantly heated, you are already saving energy and money through the system. The tankless water heater keeps you supplied with hot water when it’s needed as long as there’s a demand.

Have any questions about our plumbing services? Read our FAQ Section.

Installing Tankless Water Heaters To Save Money (2021): Buyer's Guide
Installing Tankless Water Heaters To Save Money (2021): Buyer’s Guide


1. You’ll save a lot of money on your energy bill depending on how much hot water your house needs. Depending on the size of your bill, you can save anywhere from 25 to 50%.

2. Tankless water heaters are built to last for a long time (20+ years).

3. Replacement parts are inexpensive and easy to obtain.

4. Regular maintenance is essential. If your system is running efficiently, you will be able to reduce your energy bills while also increasing its lifespan.

5. Standby heat losses can be reduced because the water’s temperature is not continuously heated and remained in the tank for long periods of time


1. The initial cost of the system is higher than the cost of a storage tank, but the energy savings outweigh this initial cost

2. If you are running your tankless water heater on a gas element, the heating source (the pilot light that ignites it) is constantly on, wasting energy. This inevitable occurrence may be avoided by shopping around and finding a more energy-efficient pilot light, or by turning it off when not in use.

3. Some households require more than one tankless water heater in order to run the dishwasher and shower at the same time based on how much hot water they use each day, and how many people are living in the home. You won’t put too much strain on the heater this way. In addition to being an advantage, having more than one heater can also reduce your energy bills

What To Consider When Selecting A Tankless Water Heater:

You should keep the following three categories in mind when choosing tankless water heaters for your home.

1. Size

To ensure optimum energy efficiency, you want to make sure your tankless water heater is up to the task of meeting household needs. It is essential to know the flow rate of your appliances (faucets/showers) as well as the desired temperature before choosing a system.

It is best to make a list of all the devices in your house that use hot water in order to determine the size, or the number, of tankless water heaters you need. The total use of each device will be determined by adding up the total flow rates (gallons per minute). This will let you decide how many gallons per minute your tankless water heater should be able to handle.

Take into account the number of people in your household and peak hours of usage when determining the number of hot water users. In a household of four, where everyone takes a shower in the morning, having one tankless water heater may not be sufficient, so you might need two.

2. Type of Fuel 

You can determine the efficiency of a tankless water heater by the energy source you choose to heat the water. You should consider both your fuel options and the cost of operating your vehicle when choosing which fuel to use.

  • Electricity – The service is available throughout the country
  • Fuel Oil – Fuel oil is available in most parts of the country, although price increases have been occurring since 2010.
  • Geothermal Energy – The system is only available to homeowners who have already installed a geothermal heat pump for heating and cooling. You might want to take a look into this if it sounds interesting.
  • Natural Gas- Prices vary depending on demand, easily accessible in most parts of the United States
  • Propane- Available in most areas of the United States. All depends on where you live which will also determine prices
  • Solar Energy- All of the U.S. is covered except for the areas that experience frequent periods of darkness. The sun is the only source of power for solar energy.

3. Pricing

Everyone looks at prices before purchasing a water heater or anything else. It is important to them to make sure they not only save money in the long run but also to be sure they are getting value for their money when they spend a considerable amount on something.

Perhaps you should consider switching to a different fuel source if your fuel bill is high. If you want to maximize the efficiency and the longevity of your tankless water heater, you can combine it with another system (such as an air source heat pump).

A tankless water heater that has the highest price is not the best choice. A lot of money spent on a house does not guarantee that it is the best one for you. When you choose tankless water heaters for your home, you want to ensure that you are choosing the best one.

You don’t buy a pair of shoes and hope they match every outfit, as you would when purchasing a pair of shoes. In order to purchase a pair of shoes that can be worn with every outfit, you make sure you buy ones that are easily worn with other outfits. Otherwise, your shoes will sit in your closet until you get the money for an outfit that matches them.

You can contact us today here: (630) 260-5898

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