Tankless water heaters can be one of the best investments you can make for your family’s comfort and convenience. Although they do have a larger upfront cost, you can save money with a tankless system the longer you stay in your home. If you’re considering making the switch from a traditional tanked water heater to a tankless water heater for your home, here are 5 reasons that may help you decide.
1. Takes Up Less Space. Because there is not a large tank, a tankless water heater can be mounted to a wall in your garage or even in a laundry room where hot water is frequently used. The compact size means you won’t have to give up valuable storage space in your home.
2. Provides Endless Hot Water. Instead of storing water in a large tank, a tankless water heater passes water over heating coils, heating the water on demand. When properly sized for your needs, this constant supply of hot water allows for multiple uses, at the same time, throughout your home.
3. More Energy Efficient. Tankless water heaters have lower standby and operating costs than tanked models, helping to offset the initial purchase price. They also avoid heat loss from the tankful of water sitting until it’s needed. You won’t pay to heat water that’s not used and depending on your usage it can save on gas.
4. Longer Functionality. When properly sized for your home, and installed and maintained by a professional service provider, tankless water heaters can last twice as long as conventional tanked versions. Tanked versions can last up to 10 years, and with a tankless version, you can usually expect double that. If you plan to stay in your home for a long while, this can be a financially sound investment.
5. Reduced Risk of Leaks and Damage to Your Home. Since there is no water holding tank and the unit can be located outside, homeowners eliminate the risk of a leaking system, flooding, or mishaps inside the home when a tankless system is installed. Additionally, without proper maintenance, tanked water heaters run the risk of explosion, a dangerous and costly occurrence that no homeowner wants to experience, and one that can be avoided with a tankless water heater.
If you’re thinking of replacing your current water heater with a tankless version, it’s important to talk to a professional about the best tankless water heater type and size for you. Some even have WiFi control options! When you get professional advice on your installation, you’ll know exactly what solution is best for your needs and home.