If your current water heater is in need of replacement, you have recently purchased a new home or are remodeling, you may be considering a tankless water heater yet do not know the benefits and drawbacks of this appliance. Here is a list of the major information regarding these appliances in comparison to the traditional tank water heaters so that you might make the most informed choice for your household:
Tax rebates: In the US, most gas-powered tankless units with an Energy Star rating qualify for a federal tax rebate of up to $ 300. Some US states also offer tax incentives. Check to see if your state is one of them!
Longevity: Tankless water heaters can last up to three times as long as traditional water heaters – with a lifespan of twenty years!
Better Warranty: The longer life expectancy means a longer warranty – usually up to 15 years.
Energy Efficient: A large portion of your electric or gas bill every month goes to heating water that sits in the tank of a traditional heater much of the day, going unused. But since tankless heaters only need enough power to heat the amount of water you need at the moment, this lowers your energy costs over time by as much as 20%!
Hot Water On Demand: Tankless heaters deliver hot water on demand, and never run out of hot water.
Compact & Space Saving: Since they are much smaller than traditional heaters – about the size of a computer – they can be installed in many more places and do not need a dedicated closet area.
Less maintenance: Since there is no tank, there is no possibility of flooding due to a tank failure, and no need to drain the tank yearly to deal with sediment build-up.
Costly & Complicated Installation: Tankless water heaters are expensive – costing as much as three times more than tank water heaters – and require installation by a qualified plumber. However, some units may include installation with purchase.But not every home is prepared for the installation of a tankless heater, particularly older homes, so some retrofitting may be needed, which can add to the installation cost. Electric heaters may require an additional circuit, because they require more energy, adding the costs of a professional electrical services as well. Gas heaters may require installation of a larger natural gas line. They also require expensive stainless steel tubing for appropriate venting.
Hot Water Splitting: The hot water will be split among all household uses, so more than one may be needed (for bathroom and kitchen) if your household frequently uses multiple appliances that require hot water at once.
Annual Servicing: Gas units require annual servicing, with associated fees and general inconvenience.
Ecological concerns: They need a certain amount of water flow to activate the heater, which can lead to using more water than you really need in order to get hot water. Gas heaters also produce greenhouse gases.