Tankless water heaters have many advantages over traditional models, but is a tankless water heater a good investment for you? This article provides an answer.
Before making changes to your home’s plumbing, you need to know whether any upgrades you decide to implement are going to be worth the money. One of the most common upgrades that homeowners make to their plumbing is trading their traditional water heater for a new tankless system.
Here’s what you need to know before coming to a decision.
Is a tankless water heater a good investment?
For many people, upgrading to a tankless water heating system comes with lots of advantages. While they are more expensive than traditional water heaters, tankless systems provide on-demand hot water, are less expensive to operate, and last longer than traditional systems. However, some homeowners may not need the full capabilities of a tankless system if they only have one or two people living in their home.
Benefits of Tankless Water Heaters
On-Demand Hot Water
How many times have you had to deal with the fallout from not having enough hot water to go around? If you have a family, you may be left with nothing but ice-cold water in the morning if you are the last to shower. A tankless water heater produces on-demand hot water so you never have to worry about running out of hot water.
Energy Savings
Because tankless systems produce hot water only when you need it, they can also save money on your monthly energy bills. Traditional systems have to heat large amounts of water and keep them heated all day so it is ready when you need it. This takes a lot of energy.
Longer Lasting Equipment
With an average lifespan of about 18 years, tankless water heaters last almost twice as long as traditional systems, which only last about 10 years on average. Depending on how often you need to replace or repair your system, tankless water heaters could end up being less expensive in the long run.
Who might not want a tankless water heater for their home?
Even with all these advantages, tankless systems are not for everyone. The upfront costs are much higher than traditional water heaters, with some models priced at over $1000. When paired with the cost of installation, the price tag is too high for some consumers to even consider upgrading.
Ask the Experts at Custom Plumbing of Arizona
Is a tankless water heater a good investment? It depends on your needs and budget. The best way to decide whether upgrading is right for your situation is to talk to someone who knows what they are talking about.
If you are interested in learning more about installing a tankless water heater in your home, get in touch with the experts at Custom Plumbing of Arizona. We will answer whatever questions you may have and guide you in the best choice for your home and budget.