Tankless Water Heater Good Investment

But those perks may not be enough for some people to offset the extra purchase cost and installation expense.

Tankless water heater good investment.

Tankless water heaters save money in the long run but initial costs are higher than tank models. Replacing old water heaters. However switching from a wasteful old tank water heater will almost always be a good investment. Tankless water heaters also known as on demand or instant water heaters have many advantages over traditional tank style water heaters and can be an excellent long term investment.

Tank type water heaters can supply enough hot water to run multiple hot water appliances or showers at the same time provided you buy a unit with sufficient tank size for your projected usage and the size of your household. Here are five more reasons you should consider going tankless. You can save even more money with a tankless water heater by lowering the water temperature below 120 degrees. Tankless water heaters of course don t hold much water so the number to look for is the gallons per minute rating gpm.

Other options like solar heating are available. But like any product they have their downsides and they are not the right solution for every home. Depending on a home s electrical infrastructure a non gas unit may solve the issue of rerouting gas lines or investing in other pricey labor intensive alterations. Endless hot water additional storage space and lower energy bills are just a few reasons homeowners are switching to tankless water heaters.

Water inside traditional water heaters must be maintained at 120 degrees or higher to prevent the growth of certain harmful bacteria. The cost of tankless water heater installation may be higher than the cost of installing a tank based system however they offer long term savings to offset this. Tankless water heaters are often powered by natural gas but electric models are also on the market. Upgrading to a tankless model will save you big on energy costs and remove this risk.

An old storage tank is inefficient when it comes to heating water and presents a risk of flooding your home when it fails. If you are able to offset the cost with rebates then a tankless water heater may be a worthwhile investment for you. Of course they can run out of heated water since they have a limited capacity. That s the number that tells you how much hot water the heater can.

There is a tradeoff you must understand before making a purchase decision on a tankless water heater. Department of energy reports that a home that uses 41 gallons of hot water daily can be up to 35 more efficient when tankless water heaters are used over regular models. Tankless water heaters last longer take up less space save energy and are great for the environment but the high cost of the system and installation make it a tough sell. Tankless models are both efficient and cost effective.