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The Pros and Cons of Investment in a Tankless Water Heater

Many households rely on a water heater for bathing, cooking, cleaning and other tasks. There are different types of water heaters available, including models with tanks and tankless versions. There are benefits and challenges to investing in a tankless water heater, which you should consider before making the switch.

Reducing Your Energy Consumption

Tankless water heaters only heat water when there is a demand for it. A tank-based model will heat water and then run periodically to keep that water warm inside a storage tank. You can save a lot of money long term when you have a tankless water heater. This also reduces your carbon footprint.

Unlimited Hot Water Convenience

If you are trying to take a shower, your washing machine is running on a hot water cycle, and your dishwasher is operating, this can place a large draw on a tank-based water heater. You may find that there isn’t enough hot water for all your needs. If you purchase a tankless model that is appropriately sized for your home, you should never run out of hot water.

Using Less Space in Your Home

A tankless hot water heater usually hangs right on the wall of a utility closet or in your basement. The unit itself is also very compact. If you don’t have a lot of space to work with, eliminating the need for a tank is ideal.

Enjoying Longer Equipment Life Span

Most tankless systems will last for 20 years or more if you keep up with routine maintenance and necessary repairs. A tank-based model has a life expectancy of 10 to 15 years at most. There are more parts to malfunction with a tank-based model as well, resulting in more frequent repair needs.

Considering Your Initial Investment

The cost of a tankless hot water heater is likely to be higher than a traditional model with a tank. However, the long-term savings make it worth the investment if you have the funds available. If your budget is limited, you may need to stick with a tank model for now.

What Happens During a Power Outage?

Most tankless water heaters use electricity to produce hot water. If you experience a power outage, this can prevent you from having access to hot water. Gas- and propane-fueled tankless models are available, but there may be some additional installation expenses to consider.

Make a smart decision for your home by considering the benefits and challenges of a tankless water heater. Contact us at Gordon Air & Plumbing in Monroe, LA for more tankless water heater information or to schedule an appointment.