Let’s weigh the pros and cons of tankless water heaters.
Do you know all the pros and cons of tankless water heaters? In the plumbing world, tankless water heaters are one of the latest innovations available to homeowners. However, most people know very little about these helpful devices.
We highly recommend that you do not update your current water heater until you learn whether or not this newer model is right for your family.
Pro #1: Plenty of Hot Water for Everyone
When was the last time you ran out of warm water during the middle of a shower? If you share a house with several people, the chances are good that this is a common problem. Now, imagine a never-ending supply of hot water. Does this sound too good to be true? It’s not if you install a tankless water heater.
Unlike traditional heaters, tankless versions produce hot water on demand. Instead of waiting for water to heat up inside a holding tank, the water instantly warms up as it travels to the faucet. No matter how many people are in line for the shower, you’ll never run out of hot water.
Pro #2: Reduced Risk of Flooding
Floods are a concern with traditional water heaters. As the unit ages, the tank may corrode or wear out. All it takes is one bad pipe or small hole to flood your entire home. By upgrading to a tankless model, however, floods will become a thing of the past.
Because there is no tank, you don’t have to worry about stored water flooding your home. While a burst or damaged pipe may still form a leak, this is not very common. And, the damage will be much less than if you had 40-50 gallons of water pouring out of a tank. The reduced risk of flooding will provide you with peace of mind throughout the year.
Con #1: More Complex Installation
Before you run out and buy a tankless water heater, you must consider installation. A plumber can’t simply remove your tank water heater and plug in this new model. Instead, they must prepare your home first.
Installation for tankless water heaters is more complicated. A plumber may need to reroute your gas lines or hook up a ventilation system. Homes with hard water may require a water softener to ensure the heater works efficiently at all times.
Con #2: Higher Initial Costs
While you may be able to purchase a tank water heater for $500-800, a basic tankless version will run about $2000. Some models are even more expensive. In addition to buying the new heater, you must also factor in other costs, such as equipment and labor. Make sure to ask your plumber for an itemized list of fees before upgrading your system.
However, even though you’ll need to open your wallet a bit more at first, you’ll actually save money over time. Tankless water heaters are more energy efficient. You may save up to 22% on your energy bill each year. In the long run, you’ll keep more money in your pocket. Additionally, the lifespan of tankless models is nearly double that of traditional options.
Discuss Your Water Heater Options with JPI Plumbing & Heating, Inc.
Do you think you a tankless water heater may be the best option for your household? Our professionals can help you choose the right water heater for your needs and budget. With over 30+ years of plumbing experience, you can count on us to provide you with top-notch care at all times. If you’re ready to upgrade after weighing the pros and cons of tankless water heaters.
Call us today at (718) 727-9100