Are Tankless Water Heaters Worth the Cost?

As the name suggests, tankless water heaters don’t have a tank to store the hot water. They are powered by electricity or gas and heat the water instantly. The water leaves the water supply and reaches you after passing through hot rods, giving you hot water without waiting. Lately, tankless water heaters have been gaining a lot of popularity since they offer a wide range of benefits. But are these benefits good enough to invest in a tankless water heater? Let’s find out. Below are some of the main advantages of tankless water heaters that will clarify your doubts. 

With the costs of energy rising, everyone is trying to cut down their monthly electric or gas bills. A tankless water heater helps you do just that by saving energy. Traditional water heaters waste energy through “standby heat loss.” Tank water heaters store the heated water until you need it, and eventually, the water gets cold again. Whenever you need hot water, you’ll have to reheat it. Tankless water heaters don’t store water — they heat it on demand, wasting no energy. This energy-saving factor makes tankless water heaters a better choice. 

One of the major benefits of tankless water heaters is no wait time. You can get hot water within a couple of seconds. Also, there is no limit to how much hot water you can use — use as much as you want. This is not the case with tank water heaters, since the storage tank has a set capacity to store water. If you need hot water beyond that capacity, you’ll have to wait. 

Longevity is an important factor you should consider when buying a water heater. It’s always a good idea to invest once in a long-lasting water heater instead of worrying about replacing it because of its short life. Tank water heaters last 10 to 13 years, while tankless water systems have a life span of almost 20 years. How long they last makes tankless water heaters the superior option in the long run since you won’t have to replace them as quickly.

Looking at the benefits that tankless water heaters offer, we can say they are a good investment. You can easily get your tank water heater replaced with a tankless water heater with the help of a plumber. But make sure to hire an experienced plumber for seamless and efficient tankless water heater installation. Water heater replacement costs $1,200 on average. Water heater replacement can be tedious in some cases. You may have to upgrade the water heater mount, venting system, heater’s drain pan, and supply pipes before upgrading to a tankless water heater. 

All of these upgrades can eventually add to the overall tankless water heater installation cost. You should discuss it with your plumber and ask for a quote beforehand. Contact us if you’re looking for experienced plumbers who can help you with it. We have a team of highly skilled plumbers with years of experience in water heater installation.

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