Is a Tankless Water Heater the Right Choice?

If the time has come to replace your home’s water heater, you may consider going tankless. Tankless water heaters offer the ease and convenience of conventional storage-tank heaters, but with improved efficiency and performance. Here are some factors to help you decide if a tankless water heater is right for your home.

Energy Savings. Unlike storage-tank water heaters, tankless models provide hot water on demand so you don't have to waste energy heating unused water. Because they require no standby energy, tankless models are the energy-smart choice.

Upfront Cost. While you might find a typical storage-tank heater for as cheap as $300-$400, tankless water heater prices start at about $1,000. Remember, though, that while a tankless model costs more upfront, your operating costs should offset the difference down the line.

Space Savings. Tankless water heaters are small and wall-mounted, while storage-tanks take up lots of floor space. Installing a compact tankless water heater is a great way to free up some additional home storage.

Limited Output. Modern storage-tanks reheat additional water supply much more quickly than older models, so you probably won’t run out of hot water when you need it. A tankless water heater can only supply a few gallons of hot water a time and may not be suitable for larger families’ needs.

Longer Lifespan. While the typical storage-tank water heater lasts 10-15 years, tankless water heaters are estimated to last up to 20 years. Plus, they have easily replaceable parts for many years of trouble-free operation.

For more information on the types of tankless water heaters that are available, or call a professional plumber to replace your tankless hot water heater, call us at 1-800-277-9400 for help in choosing the water heater that's right for you.