If you want to update some of the appliances in your home and you aren’t sure what old unit to replace first, consider getting rid of your old water heater. That water heater could be draining your pockets as it heats water every month, and can cause other risks as well.

A new tankless hot water heater will give as much hot water as you need without running dry, and they will be easy to install around your house. You can install more than one if you want to increase the efficiency. Here are a few reasons to dump your old hot water heat for a new tankless one.

Storing Water Costs Money

It costs money for your traditional water heater to store water for whenever you need it, and the water heater has to work around the clock. This is a waste of gas and electricity. A tankless water heater doesn’t function by storing water. Instead, it will heat the water as it’s needed, and the water is warmed right when it comes out of the faucet.

Not only does does a tank waste money and power, but it also wastes a lot of space to have it in the basement or somewhere on the main floor of your house.

Minimal Risks

The traditional water heater could get a leak and you then can end up with a flooded basement. If there is a problem with the gas lines or the pilot you could end up with an explosion. There are many hazards associated with old water heaters and you want to get rid of yours and make the update.

Cash In

You can take your old unit to a local metal scrap yard and get some cash for it, while you are disposing of it at the same time. There are precious metals and other valuable pieces on the unit that can be reused and recycled.

If your tired of high gas bills and electrical bills and you aren’t getting hot water as long as you need it, it’s time for you to make the change. There are a lot of new tankless models you can pick from if you want to use gas or electrical choices, and you’ll notice the savings in your utility costs right away. Talk with plumbing or heating and cooling professional like http://www.firstclassplumbinginc.com to get estimates for the work that needs to be done and see if you can get cash for your old unit.