Do you need to decide whether to install a tankless water heater? Are they worth the cost? Tankless water heaters are not only great for saving energy, but they have become the hot new thing in homes and commercial markets.
These portable alternatives to traditional tank heating systems have become more popular recently. And can also be more environmentally friendly.
I bet you’ve heard of tankless water heaters! They save so much energy and money. But do they save you money? Is it worth the cost to go with a new water heating system?
Read on to find out if tankless water heaters are truly worth the cost or if you’re better off just saving your money for something else.
When it comes to choosing the best water heater for your home, you will have a few different options to consider. Tankless water heaters are one of the newer options on the market, and they offer several benefits that you may want to consider. These includes:
With tankless water heaters, you only heat water when you need it, saving you the energy required to keep a tank of hot water warm all the time.
Tankless water heating systems can be up to 50% more efficient than traditional models. They feed hot water directly into your faucet without having to wait for a tank to fill up. That means you’re getting the most out of every drop of hot water that you consume!
A typical tankless water heater can save you up to 40% on your annual energy costs – that’s like getting a free $100 off your utility bill! And because they don’t have the internal storage tanks that traditional models do, they also don’t need as much maintenance or service. You won’t have to worry about corroded pipes or broken parts, which can get expensive down the road.
Because they don’t have a tank full of water constantly putting stress on the unit, tankless water heaters typically last longer than traditional water heaters.
With a tankless water heater, you’ll never have to worry about taking a cold shower because the hot water ran out.
Due to their compact design, these heaters are also space-saving. They don’t have bulky tanks taking up space in your home.
While tankless water heaters aren’t necessarily greener than traditional models (they still use fossil fuels), they do help reduce greenhouse gas emissions by reducing energy waste at home.
The cost of a new tankless heater depends on several factors including size and features such as anti-drip valves or digital controls. The average price range for these units is between $1,500 and $3,000 depending on the manufacturer and feature set
The cost of tankless water heaters varies by location and the size of your home. Tankless water heaters can be installed in large homes or small ones, but the price will vary depending on how much hot water you use and where you live.
If you’re on a budget, consider getting a tankless water heater with a smaller capacity. one that can only provide 12 gallons per hour instead of the more common 24 gallons per hour. The smaller size will save you money because it takes less energy to boil the same amount of water as a larger unit would.
The average cost for installation of a tankless water heater is around $1,000 to $1,500, depending on the size and type selected. The average annual cost ranges from $500 to $1,000 per year for homeowners who don’t use much hot water.
Tankless water heaters can last for about 20-25 years compared to a traditional tank water heater, which lasts for 10 to 13 years depending on how you use them. They have no moving parts that can wear out or break down.
The lifespan of a tankless water heater depends on how well it is installed and maintained. To ensure maximum efficiency and longevity, you should perform regular maintenance on your tankless water heater every three months. This includes servicing any filters or other components that may need replacing.
Choosing between an electric and a gas tankless water heating system is another factor. In essence, that depends on the utilities that are accessible. That’s out if you don’t even have gas unless you wish to install a propane tank.
There are two additional key factors if you have the luxury of choosing. How many people live in your home, and how much hot water do they use per day? In general, gas is a preferable choice for big houses with big water needs. Additionally, it uses less energy than electricity.
Electricity is a good option if the ground temperature is relatively warm, around 70 F, as it doesn’t take much energy to heat water to the hotter temperature of 105 F that most users like. Electricity is a fantastic option if you have a small home and a tight budget. On the whole, electric tankless water heaters cost less than gas tankless water heaters.
You can save money by installing a tankless water heater depending on several factors:
Tankless water heaters are certainly a worthy investment, especially if you have older tank units. They will save you money and time. Be sure to do your research when it comes to how much gas is used by your current heater so that you can figure out whether or not a tankless unit will be cost-effective for you.
In the end, you must decide for yourself whether tankless water heaters are worth the cost. But don’t let the decision process be too hard on you. And if you’re at all unsure about what to do, call up a professional to help you make this choice right.
When you need to renovate your property, we can help you every step of the way, from examining your alternatives to installing a new water heating system. Contact Thompson Plumbing at 770-256-1324 to speak with one of our plumbing and water heating specialists if you’re considering purchasing a water heater, tankless or otherwise.