Benefits of Tankless Water Heaters
If you are like other central Connecticut homeowners or business owners, you may have heard about tankless water heaters from your local plumber near you in Connecticut. But what are tankless water heaters? Great question! We are here to explain tankless heaters and to provide the benefits and set-backs of tankless water heaters. First, we will start with the benefits…
1. Tankless Water Heaters are More Energy Efficient
Tankless water heaters can be 50% more energy efficient when compared to traditional water heaters. Because traditional water heaters have tanks and must expend a great deal of energy to constantly heat water in the tank, they use more energy. Tankless water heaters heat water on demand and only use energy when water needs to be heated. Here is a great comparison of energy savings from tankless water heaters by the natural gas company, Spire Energy.
2. Unlimited Supply of Hot Water
If you’re like other Connecticut homeowners, we all know the feeling of running out of hot water in the shower! Maybe you have too many people showering in your home, or maybe your water heater is old and needs to be replaced. One of the key benefits of using a tankless water heater is that they provide an unlimited supply of hot water. Because of the way that they heat water on demand and do not require a reserve tank, you can shower for days and never run out of hot water.
3. Tankless Water Heaters Have a Long Life Span
A traditional water heater has an average lifespan of about 10-12 years. A tankless water heater can last up to 20 years! Due to the fact that you will save money on your energy bills over time, tankless water heaters can be very cost-effective when compared to their traditional water heater sisters.
Now, let’s explore the set-backs of installing a tankless water heater.
1. They Are Costly
According to this great article on HomeAdvisor, the national average cost of a regular water heater installation is about $1,200. A tankless heater installation is about $3,000 on average and higher quality tankless heaters can be as much as $10,000. The higher investment in the tank, however, the investment could pay for itself with the increased cost savings. Did you know that we offer financing on tankless water heater installations?
2. Takes Longer to Heat Water
Because a regular water heater has a tank of hot water ready to be used at any time, you will get instant hot water with a traditional tank. A tankless heater, however, uses coils to heat water on demand, so it can take longer for the hot water to arrive.
3. No Hot Water When Power is Out
Because tankless hot water heaters rely on electricity (even the gas ones rely on an electric control panel), when the power is out, you have no hot water.
So, What is the Bottom Line?
So, what’s the bottom line? Interested in seeing if a tankless hot water heater is a good idea for your home? Give us a call today and we can guide you through your options! (203) 937-2772