Tankless water heaters are one of the newest inventions in home water heating technology. The benefits can be numerous and include being able to heat water on demand as well as save energy over a conventional water heater. However, tankless water heaters aren’t for everyone, and they won’t be ideal for every home. If the following things describe you, then a tankless water heater should be perfect for your home.
One drawback is that the may not be suitable for large homes with multiple people. Small homes, however, have no problem keeping up with the workload of just a few people.
While you may have a larger home, if there’s only a few people using it, then a tankless water heater should have no problem handling the traffic. However, make sure you’re honest with your plumber about your water usage before deciding on a tankless model.
One of the largest drawbacks of tankless water heaters is how much they cost. The installation can cost anywhere between $10,000 and $30,000. Additionally, you may be paying more than you planned to retrofit your home as most homes don’t have the infrastructure necessary to accommodate this equipment.
If you live in a small home and need more space, but you don’t want to move, a tankless model could help you save much-needed space. Tankless models are affixed to the wall and much smaller than bulky, cumbersome conventional water heaters.
One of the largest benefits of tankless models is the ability to save energy. While it may cost more to install, the operating costs are much lower because there’s no energy required to heat a large amount of water. Energy is only used when water is heated on demand, which could be source of huge savings.
Call Morrison with questions about tankless water heaters and how they could benefit you!