Tankless water heaters are a great way to save money on your energy bill, but they can be expensive and require professional installation.
In this article, we will discuss the pros and cons of tankless water heaters as well as everything you need to know about tankless water heaters – read on to learn more.
What a tankless water heater is
When hot water is needed in your home, a tankless heater instantly heats it as soon as you turn on the tap. Traditional tank-type water heaters store hot water in tanks, which take time to heat up.
This technology is constantly being improved, but tankless water heaters are a more up-to-date form of hot water and they can save you money in the long run. Moreover, this kind of appliance is more eco-friendly and it does not require as much power to operate.
What are the pros of tankless water heaters?
The main advantage of using a tankless water heater is that you can save money in the long run because you do not have to wait for the water to get warm after turning on the faucet and they last long. In other words, there's no ‘wait time'. Moreover, this type of appliance uses less energy than traditional models.
Also, with a tankless model, you only pay for the amount of hot water used so your energy consumption will be lower than if you had a conventional machine. Another advantage is that this unit is relatively smaller than a regular storage tank model and it does not require as much space. You also don't have to drain it all the time like a conventional water heater.
What are the cons of tankless water heaters?
The installation process for these appliances can be complicated and it requires an electrician, so if you do not want to use this service (which is usually recommended), choose a model that is pre-wired with its control panel.
Also, there is a wait time when you turn on a faucet because it takes longer for the cold water coming from your pipes to branch into the unit and then heats up before getting back to your home.
How much do tankless water heaters cost?
The price of a tankless water heater varies depending on the brand, size, and technology you choose.
Usually, traditional tank models have a lower price tag compared to tankless ones. Moreover, if you are planning to install it yourself, make sure that even though there is no storage tank in this type of appliance, it still contains similar parts as an old-fashioned model. This means that if specific parts need to be replaced down the line, it will make it easier for you to find new parts that fit.
Installing a tankless water heater without any experience can be complicated so hiring professionals for the plumbing installation may be necessary if you want everything done right the first time around.
Types of tankless water heaters
There are two main types of tankless water heaters; gas and electric. Each one has its pluses and minuses. The first type is normally used outside or in a garage because it requires natural gas to work; however, an electric version does exist that can be installed inside your house without any additional wiring beyond what's needed for the boiler itself.
Gas tankless units are somewhat more expensive than electric ones because of the requirements for gas lines and a propane tank.
How to pick the right one
When choosing your new water heater, it is important to select a model that meets all local building code requirements while letting you take advantage of tax incentives as well as rebates (if applicable).
It's best to check with your city's regulations for how much hot water you need and then choose a unit accordingly. Most cities will not let you install a large capacity tankless system for an average family home.
On top of this, make sure that you buy from a manufacturer who provides customer service in case issues might occur after purchase.
In short, if you want to use less energy, save money, and have instant hot water, a tankless water heater might be the right choice for you.
How do I know if I need a new one?
If you have recently moved, or if it has been more than five years since your last water heater was installed, you will almost certainly need a new one. The older the model, the less likely it is that it meets current codes regarding safety, energy efficiency, and capacity.
You may also want to consider replacing an old tank at times when there is major construction taking place in your area. Construction workers, particularly those who are working on gas lines or electrical wiring may accidentally damage the unit and leave it in need of repairs.
Can tankless water heaters keep up with demand?
If you have a household with multiple family members who are in and out of the shower daily, you might need to make some adjustments to your water heater. If not, then it can be beneficial to install a tankless model as opposed to having an oversized unit that is simply wasting energy.
One thing people also worry about is whether or not this type of device will hold up during peak demand hours; however electric models usually do get hot enough to meet this standard just about any time at all.
Also, keep in mind that just because you pay less for a tankless water heater does not mean that there is no maintenance required. You might be spending more time and money maintaining one of these as opposed to an old-fashioned storage unit because the parts will need periodic replacement.
Considerations before buying a tankless water heater
A tankless water heater can save energy and money in the long run, but it's going to cost you upfront so keep this in mind before making any final decisions.
Tankless water heaters also require high voltage connections which most older homes do not have and they often need extra electrical circuits just for the device itself – all before starting on any plumbing work.
Final thoughts on tankless water heater pros and cons
Overall, tankless water heating systems can save you money and energy over time, but they may be quite expensive to install for your needs. Speak with a professional about the costs and benefits before making your final decision.