Is A Tankless Water Heater Right For Your Home?

If your current water heater is in poor condition, getting toward the end of its lifespan, or not working for your water heating needs, then replacement is likely going to be the best option. There are plenty of options to choose from when it comes to water heaters, but many homeowners are going with tankless options. A tankless water heater produces hot water on demand and when you need it. But is it the right option for your home? Here are three things to consider.

You May Need More Than One

One of the disadvantages of traditional water heaters is that they heat a large amount of hot water at once, and when the hot water is not needed, there is a significant amount of energy loss. Tankless water heaters are far more efficient, but they do produce less hot water than traditional water heaters. So if you have a large home or like to use hot water at the same time in multiple areas of the house, installing multiple tankless water heaters may be the right solution.

How Much They Cost

When replacing your water heater, price will likely play a significant role in your decision. The cost to install a single tankless water heater ranges between $1,052 and $3,054. Tankless water heaters can be electric, natural gas, propane, or solar powered. Solar-powered units are more expensive than electric, natural gas or propane-powered units. Solar units cost between $2,000 and $6,000. While tankless water heaters can be pricey, especially if you need more than one for your home, they are also energy-efficient. You will likely see energy savings after installing a tankless water heater.

How Long They Last

If you are thinking about installing a tankless water heater, it's essential to know that they do last longer than traditional water heaters. Tankless water heaters will last for 20 years or more if properly maintained. Tankless water heater repair will also help to extend the life of your water heater. Tankless water heaters are known for having parts that are easy to replace when they start to malfunction. For many homeowners, investing in a tankless water heater is worth the expense. 

If you are thinking about installing a tankless water heater, there are a few things to keep in mind. First, you may need more than one unit, depending on your hot water needs. The costs will vary depending on the type of tankless water heater you choose. Solar-powered options are the most expensive. If you do decide on a tankless water heater, it will last longer. Tankless water heaters are easy to repair and typically last for at least a couple of decades.