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Tankless Water Heater Price: Is the Investment Worth It?

Douglas Orr Plumbing Inc.

We all need a reliable hot water heater at home to make our daily lives way comfortable. If you already have one, may we ask if it’s a tank-type or a tankless unit? The most common type of heating system that homeowners prefer is the tank-type for the reason that it costs less. In a recent poll done by ConsumerReports, it was reported that it may actually take up to 22 years to break even with your investment on a tankless water heater, longer than the life span of the unit. So would you spend on something that much? Hold your horses though and don’t make a decision right then and there. We can’t disregard the fact that an instantaneous water heater also provides a number of benefits that can persuade even the pickiest homeowners. So for today, let us give you some considerations to weigh before you go shopping.

Benefits Of A Tankless Hot Water Heater

1. Space-Saving

Obviously, you’ll be saving a lot of space with a tankless water heating system at home. It won’t come with a large tank that will occupy so much space in your basement. It just looks like a medium-sized box that features some wires/tubing and is installed on walls, suitable for indoor or outdoor setup. If you’ll hook it up outside your home, it should have an anti-freeze kit to protect itself from getting damaged during the cold season. If you get smaller units, you may even install them inside cabinets. Now, how cool is that?!

2. Energy Efficient

Aside from saving space, a tankless water heater also saves operation costs. To put it simply, it is energy efficient. Since it doesn’t re-heat water stored in a tank every time you turn on the hot water faucet, the unit doesn’t have to use as much energy. It only heats water on demand, therefore, producing less energy loss. Another good news is that it never runs out of hot water so say goodbye to cold showers. In the end, you’ll be saving about 20% on your monthly utility bill.

3. Longer Lifespan

Do you know that tankless water heaters have an average life span of 20 to 22 years? That’s twice the life of most tank-type heating units.

4. No Flooding

This is one of our most favorite benefits of going tankless. You won’t have a tank that you need to maintain consistency. Think about replacing anode rods, regular flushing or extensive cleaning when the water smells funny. You won’t have a tank that may incur holes which eventually leads to leaking or flooding in your basement. With all these being said, you won’t have to shell out money on repairs.

Do you have leaking pipes at home? Watch our video and get helpful repair tips!

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