Tankless water heaters, aka on-demand water heaters, are a great addition to any home. Tankless water heaters help save room in the house. They are a replacement for traditional water tank heaters, but they are also more energy-efficient. In this article, we will discuss the benefits and negatives of tankless water heaters.
Are Tankless Water Heaters Affordable?
It depends on your budget. Traditional electric and gas water tank heaters have been around for decades. They are traditionally a few hundred dollars, usually between $500 to $750, depending on the size a homeowner needs. The benefit of the traditional electric and gas water heaters is the most houses already have the plumbing set up for them. Traditional electric and gas water heaters cost $500 to $800 to have a professional properly installed.
On the other hand, Tankless water heaters cost a few thousand dollars, with the average cost being between $750 and $2000. Since most houses do not have the equipment to handle a tankless water heater, homeowners need to call a professional plumber to handle the installation. The costs can run a homeowner anywhere between $1,500 and $4,000 depending on the home’s water usage.
Why Is There Such A Steep Difference For Installation?
As mentioned above, traditional water heaters have been around for decades. As a result, most, if not all houses, are equipped with plumbing that can accommodate the conventional water heater. The tankless water heater is a newer technology that requires its unique infrastructure for the home. Additionally, even if a home can accommodate a tankless water heater, each model might have its specifications and might not match the plumbing from the previous tankless water heater.
Do The Savings Add Up?
If you install a tankless water heater, then the savings you will receive from your energy consumption will eventually pay for itself. However, it is important to note that it will not be an immediate benefit but one that you will see in a few years. The average homeowner will see a return on their investment in six to twelve years after installation. On the other hand, this is more advantageous than a traditional water heater with an average lifespan of about ten years before needing replacement.
Are There Additional Benefits To A Tankless Water Heater?
Many governments are encouraging their residents to be more energy efficient. As a result, many governments offer tax rebates and incentives to switch to tankless water heaters. Additionally, a tankless water heater is a benefit many homebuyers are willing to pay extra for when selling their home.
Another benefit to tankless water heaters is that there is no chance of an explosion that sometimes happens with traditional water heaters. Furthermore, tankless water heaters mitigate the chances of a flood due to a leak from the system.
Besides The Initial Costs, What Are The Downsides?
Tankless water heaters that enjoy heavy usage, such as large families, can provide inconsistent temperatures, which can be annoying. This is especially problematic in homes where it is common to run multiple appliances at once, such as the show, the washing machine, and the dishwasher.
Is A Tankless Water Heater Right For My Home?
To determine whether a tankless water heater is right for your home, contact Conyers’s Plumbing. Our professional team will give you a competitive estimate based on the size of your home and the needs of your family.