Is it Expensive to Switch to a Tankless Water Heater? What to Expect When You Get a Tankless Water Heater
SUMMARY
You are considering getting a tankless water heater but are still determining if you should leap. Not to worry! In this article, we will help you weigh the pros and cons of tankless water heaters and what you should expect when you get them.
Tankless water heaters can be a great investment for your household once it is installed. We will help walk you through what to expect for the installation process and how the savings you can make will even out the initial high costs it takes to install it. When installing or switching over to a tankless water heater, it is important to carefully plan it out and seriously consider consulting with a seasoned water heater technician.
How Much Does a Tankless Water Heater Cost?
Initial Installation Cost & Equipment Expenses
Prices can vary when it comes to which tankless water heater brand you choose, as well as the kind of model you go for. For example, electric tankless water heaters can range from $500 – $800. Gas models range from $750 – $2,500. That’s a big jump in price between electric and gas models! It also depends on which kind of system you install. The price for whole-house systems can range between $1,300 – $3,900. High-end models can reach up to $6,000 if you want advanced features. This doesn’t even factor in the installation costs, which add $800 – $2,500 on average. Ultimately, you can compare the two models and decide which tankless water heater is the best for your household.
Long-Term Savings
Now that we’ve got the price evaluations out of the way, what savings can tankless water heaters bring after you invest in all the upfront costs? The first main thing is energy efficiency. Tankless water heaters are known for their superior energy efficiency. They can be up to 34% more efficient than households using 41 gallons or less of hot water daily and 8-14% more efficient for households using around 86 gallons per day. Gas tankless water heater models can save approximately $108 a year on energy bills, while electric models can save $44 a year. Lastly, tankless water heaters can also help lower greenhouse gas emissions, which help contribute to environmental sustainability compared to traditional water heaters.
The Pros of Getting a Tankless Water Heater
Tankless water heaters also bring other benefits besides just financial long-term savings. They are energy efficient and use 30-50% less energy compared to traditional water tank heaters. They provide a continuous hot water supply without waiting for the tank to refill or reheat. It can also allow multiple hot water applications without running out. So people could seamlessly run hot water for their sink, tub, and washing machine. Tankless water heaters also last much longer than traditional water heaters. (approx 20 years or more). They are small and compact (about the size of a suitcase) and can be mounted on the wall or in between tight spaces. Lastly, they are more environmentally friendly by reducing water waste, cowering CO2 emissions, and can also be eligible for tax credits due to their energy efficiency.
The Cons of Getting a Tankless Water Heater
While there are many benefits to tankless water heaters, there are also some cons. For example, the higher costs we had discussed previously. It also requires a more complex installation, which could be more complicated than traditional heaters. This is because electrical panels or gas lines must be upgraded to ensure proper ventilation, which can add to the already high upfront costs. If you get an electric tankless water heater, it relies on electricity to operate. So that means if there is a power outage, you’ll lose access to hot water until the power comes back on. Another risk is temperature fluctuations, particularly if you didn’t pick the right-sized system for your household. Despite the ability to provide water to multiple sources simultaneously, there could be a chance for hot water fluctuations if it is overworked. Despite the many benefits, you should be aware of the cons and consider factoring them into your decision if any of these concerns you.
Conclusion
In conclusion, tankless water heaters may be expensive to install between the upfront costs and the unit itself, but once you install it, it can reap long-term benefits for many years to come. You need a professional water heater technician to help you since the installation can be more complicated than a traditional water heater. That’s why we pride ourselves in our water heater installation savviness at Ambient Cooling and Heating. We can help you with any of your needs and assist you in switching over to a tankless water heater. We hope you have found our article useful and that you have come away more confident and informed about what tankless water heaters are and how you could potentially benefit from switching over to them.
SERVICE AREAS
- Severn
- Severna Park
- Columbia
- Ellicott City
- Annapolis
- Pasadena
- Crofton
- Davidsonville
- Glen Burnie
- Bowie
- Odenton
- Catonsville
- Elkridge
- Arnold
- Arbutus
- Lake Shore
- Parole
- Ferndale
- Brooklyn Park
- Riviera Beach
- Linthicum
- Jessup
- Cape St. Claire
- Edgewater
- Mayo
- Stevensville
- Shady Side
- Springdale
- Grasonville
- Gambrills
- Herold Harbor
- Guilford
- Crownsville
Contact Us Now!
"*" indicates required fields