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Are Tankless Water Heaters Worth the Cost?

tankless-water-heaterLet’s say some benevolent stranger were to simply hand you a few thousand dollars, telling you to go out and spend it on whatever you’d like. What would you do with that money? If your answer is “Buy a new water heater!” then, frankly, we are surprised. Don’t get us wrong. As professional plumbers, we know better than anyone just how vital a great water heater is. But that still doesn’t mean that it’s the most exciting thing you could spend your money on.

Because of that, some homeowners try to get away with buying the cheapest water heaters they can find. This is rarely the best course of action with any appliance. Other homeowners are willing to spend more, but still choose to stick with tank water heaters because they are more affordable than tankless models are. Now, there are a ton of great tank water heaters out there. However, when researching water heaters in Seminole, FL, we do recommend that you keep tankless models in mind.

Yes, They Are More Expensive to Purchase…

…but they are also cheaper to run. While modern hot water tanks are generally more efficient than those that used to be common, that does not mean that they are as efficient as a tankless model. Why not? Because of standby energy loss. This is the situation in which heat from the water stored in the tank transfers through that tank and out into the air surrounding it. Sure, modern tanks are more efficient, but they cannot eliminate this problem entirely. By eliminating the tank, however, tankless water heaters can.

Sure, But I Want to Save Money Now

That is a legitimate concern, but ask yourself why that is. If you are truly on a tight budget and a cheaper tank model is definitely more in your price range, then go ahead and skip the tankless debate. But if you are just not ready to drop that much money on a water heater, ask yourself this: how much longer do you plan on being in your home?

It may take a while, but a tankless water heater will offset its initial cost in the long run. Not only does a tankless water heater work more efficiently than a tank water heater, but it also lasts longer. Typically, you’re looking at around 12 to 15 years of service from a tank water heater. With a tankless water heater, you’re looking at up to 25! So if you’ll be in your home for a number of years to come, you’re making a long-term investment that will pay off over time.

They’re Also Great for Tight Spaces!

If you’re working with limited space in your home and are constantly struggling to keep boxes and other items away from the hot water tank, then a tankless water heater is definitely worth considering. They can easily be installed on the wall, even in a very small utility closet. Are they right for everyone? Not necessarily. But they are certainly worth looking into before you make a decision based solely on price.

Schedule your plumbing services with Experts Plumbing Services, LLC.

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