Tankless water heaters are more expensive than traditional water heaters that use a tank, but there are some clear advantages. In fact, over time, the choice to install a tankless water heater will certainly pay off.
Tankless water heaters will last longer.
The nature of how a tank water heater works makes them have a limited lifespan. You should expect to need to replace a tank water heater every 10-15 years. If you use well water then the life of the heater will likely be on the lower side of the range.
A tankless water heater will likely last you 20 years or more. Based simply on the price this works out to be a win for the tankless choice as long as you plan on living in the house for a long period of time.
Tankless water heaters are more efficient.
Both gas and electric versions of the tankless water heater will save you in energy costs. The simple reason for this is that tanked heaters constantly heat the water – even when you are not home. Expect to save an average of 20% in your water heating costs. How much does this translate to? This depends on how much water you use but you can expect to save upwards of $100 per year by going with the tankless water heater choice.
Tankless water heaters save space
If space is a factor in your home or apartment then you can save a lot of space by choosing a tankless water heater. Even the smaller sized water heater tanks take up a full corner of your basement. A tankless water can be mounted on a wall or in a closet.
There are many reasons to consider a tankless water heater. We outlined the top 3. Feel free to leave a comment to tell us about your experience with water heaters.