Rich Corcoran: Hi! I am Rich Corcoran, Vice President of Sales for Eemax Inc. Hot water is essential for everyday life, so important that you may spend one fifth of your energy bill making hot water. When changing your home environment, be it a kitchen renovation, a bathroom renovation, if your family grows, there is an opportunity to look at both of your hot water needs and improving this important infrastructure within your home. Here are some things to know when considering changing your hot water infrastructure. If you are considering replacing your existing tank with another tank, it's important to know the long term cost of that type of system. Traditional tank type systems have an average life expectancy of 10 to 12 years. Conversely, tankless water heaters are designed to last 20 or more.
Interestingly, tank type water heaters also have a high degree of risk for catastrophic loss. Two out of three tanks that do fail experience either slow leaks or sudden burst. When this occurs the average repair bill is an excess of $4,000.
Another concern with tank type water heaters is they build up a sediment that naturally occurs when storing hot water in a tank. This leads to diminish capacity overtime. This is of particular concern if your hot water needs in the home are expanding. We suggest applying electric tankless water heaters as a whole house booster to augment your existing tank. Setting the tank at a lower temperature and allowing the tankless heater to do the rest, thereby sharing the load between the two devices. An alternate to that strategy is using smaller multiple electric tankless water heaters at the point of use. Hot water heating requirements usually occur in parts within your home. Think about a kitchen and a laundry room and your bathrooms often grouped together. By applying smaller properly sized hot water heaters in those locations you increase the efficiency of your hot water heating system, simplified piping you eliminate that weight for hot water thereby saving money and saving water. This is true system efficiency in your home.