Should I Buy A Tankless Water Heater?
On average, both gas and electric tankless water heaters were found to be 22% more energy efficient than their storage-tank counterparts. However, there are both pros and cons to buying a tankless water heater, and we’re here to explain it all.
Pros Of Tankless Water Heaters
1. Offers long-term savings
According to Energy.gov, for homes that use 41 gallons of water or less a day, tankless water heaters can be 24%-34% more energy efficient than tank-storage water heaters.
Gas-fired tankless water heaters have been proven to save homeowners over $100 annually, with electric tankless water heaters saving around $44 per year.
2. Tankless water heaters offer a longer effective lifespan than tank-storage heaters.
Tankless water heaters typically last 20-30 years, while tank-storage heaters last around 8-12 years.
3. Don’t consume as much storage space as tank-storage heaters.
Tankless heaters can be around 21 by 18 inches, with tank-storage heaters averaging over twice the size.
4. Hot water on demand
Tankless water heaters are able to deliver around 2-3 gallons of water per minute, making your hot water close to instant.
Due to the larger volume of water, the water coming from a tank water heater takes longer to heat up.
Cons Of Tankless Water Heaters
1. Cost of installation
Due to possible complications with pipe retrofitting, the price of tankless heater installation tends to be higher than that of tank type heaters.
2. Challenges with water output
Using large amounts of hot water simultaneously can become a struggle for your tankless heater to keep up with.
Depending on your usage, you may need to install a larger unit or even more than one unit to supply all of your family’s needs at once.
Ex: Taking multiple showers while doing laundry or running the dishwasher.
3. Specific Installation Requirements
For gas-firing tankless heaters, some require the installation of a special vent system for their high-powered burners, which can make a higher upfront cost.
If you would like to learn more about the benefits and drawbacks of tankless water heaters, feel free to contact our team of professionals through our website, or give us a call at (800) 830-9054.