Tankless water heaters have gained popularity in recent years due to their energy efficiency and convenience. Unlike traditional water heaters, which store and constantly heat a large tank of water, tankless water heaters only heat the water as it is needed.
This eliminates the need for storing hot water and results in significant energy savings. However, making the decision to upgrade to a tankless water heater is not a simple one. There are many factors to consider, such as the initial cost, installation requirements, and potential energy savings. In this article, we will discuss the pros and cons of upgrading to a tankless water heater and provide you with all the information you need to make an informed decision.
Benefits of Tankless Water Heaters
There are several benefits to upgrading to a tankless water heater. One of the most significant advantages is the energy savings. Since tankless water heaters only heat water as needed, they use less energy compared to traditional water heaters that constantly heat and store hot water. This translates into lower utility bills and can potentially save you hundreds of dollars each year.
Another benefit of tankless water heaters is their compact size. Traditional water heaters can take up a significant amount of space, whereas conventional water heaters are small and can be mounted on a wall, freeing up valuable floor space.
Additionally, tankless water heaters have a longer lifespan compared to traditional water heaters. On average, tankless water heaters last 20 years or more, while traditional ones only last 10-15 years. This means that you won’t have to worry about replacing your water heater as often, saving you time and money in the long run.
Challenges of Upgrading to a Tankless Water Heater
While there are many benefits to upgrading to a tankless water heater, it’s essential to consider the potential challenges as well. One of the main challenges is the initial cost. Tankless water heaters can be more expensive upfront compared to traditional ones. However, keep in mind that you will save money on utility bills over time, which can offset the initial cost.
Another challenge is installation requirements. Tankless water heaters often require a professional installation and may need additional electrical or gas lines to be installed. This can add to the overall cost of switching to a tankless water heater.
It’s also important to note that tankless water heaters may not be suitable for every household. If you have a large family with high hot water demand, multiple tankless units or a larger unit may be required, which can increase the initial cost.
Plus, tankless water heaters may take some time to get used to. Unlike traditional water heaters that provide a continuous supply of hot water, tankless ones can have a slight delay in delivering hot water. This may be an adjustment for those who are used to having hot water readily available at all times.
Factors to Consider Before Upgrading
Before making the decision to upgrade to a tankless water heater, there are several factors you should consider. First and foremost is your hot water usage. If you have a small household with minimal hot water demand, a tankless water heater can be an excellent investment. However, if you have a large family or frequently use hot water for activities such as laundry and dishwashing, you may want to opt for a traditional water heater or multiple tankless units.
It’s also essential to consider the initial cost, installation requirements, and potential energy savings. Calculate how long it would take for the energy savings to offset the initial cost and determine if it’s worth it for your household in the long run. Additionally, research different tankless water heater models and their energy efficiency ratings to find one that best fits your needs.
Additionlly, think about your current water heater’s age and condition. If it’s nearing the end of its lifespan or constantly causing issues, upgrading to a tankless water heater may be a wise decision.
Lastly, consult with a professional plumber to assess your home’s plumbing system and determine if it can handle a tankless water heater. They can also provide valuable insights and recommendations based on your household’s hot water needs.
How much money can you save with a tankless water heater?
The amount of money you can save by upgrading to a tankless water heater varies depending on multiple factors. On average, households can save up to 30% on their energy bills by switching to a tankless water heater. This means that if your monthly energy bill is $100, you could save up to $360 each year.
However, the amount of energy savings also depends on your hot water usage and the size of your household. If you have a small home with minimal hot water demand, your savings may not be as significant compared to a larger household.
Additionally, consider the initial cost and installation fees when calculating potential savings. On average, tankless water heaters can cost anywhere from $1,000 to $3,000 or more. If you opt for a professional installation, this can add another few hundred dollars to the overall cost.
To determine how much money you could save with a tankless water heater, it’s best to do some research and calculations specific to your household’s needs. You can also consult with a plumber or energy specialist to assess your current hot water usage and potential savings with a tankless water heater.
Why A Professional Installation is Recommended for Tankless Water Heaters
While it may be tempting to attempt a DIY installation of a tankless water heater, it’s highly recommended to hire a professional plumber. This is because tankless water heaters require specific expertise and knowledge to install correctly.
First and foremost, the installation process can be complex and involves electrical or gas connections, plumbing adjustments, and proper venting. A professional plumber will have the necessary skills and tools to handle these tasks safely and efficiently.
Moreover, improper installation can lead to potential safety hazards such as gas leaks or electrical malfunctions. It can also cause damage to your home’s plumbing system if not done correctly. By hiring a professional, you can ensure that your tankless water heater is installed correctly and safely.
Additionally, professional plumbers can offer valuable advice on the best tankless water heater for your household’s needs. They can also provide maintenance tips and address any concerns or questions you may have about your new water heater.
Keep in mind that hiring a professional installation may add to the initial cost of upgrading to a tankless water heater. However, the benefits of having it done correctly and safely far outweigh the cost in the long run.
Tips for finding the right tankless water heater
When it comes to finding the right tankless water heater for your household, there are several factors to consider. Here are some tips to help you make the best decision:
- Determine your hot water usage and needs: As mentioned earlier, the size of your household and hot water demand should be one of the main factors in choosing on demand water heaters. Consider how many people live in your home, their age, and their daily hot water habits. This can help you determine the appropriate size and model for your needs.
- Research energy efficiency ratings: Tankless water heaters come with different energy efficiency ratings, which can affect your potential savings on energy bills. Look for models with a high rating to ensure maximum energy efficiency.
- Read reviews and compare brands: Reading customer reviews can provide valuable insights into the performance and reliability of different tankless water heater brands. Take the time to compare models from different manufacturers to find one that best fits your needs.
- Consider long-term costs: While a tankless water heater may have a higher initial cost, consider the long-term savings it can provide on energy bills and potential maintenance or replacement costs compared to traditional water heaters.
- Consult with a professional plumber: As mentioned earlier, consulting with a professional plumber can provide valuable advice on the best tankless water heater for your household. They can also assess your home’s plumbing system and make recommendations based on their expertise.
By taking these tips into consideration, you can find the right tankless water heater for your household and potentially save money in the long run.
Contact Boldt’s Plumbing & Heating for Tankless Water Heaters Installation
Boldt’s Plumbing & Heating is a family-owned business that has been providing exceptional plumbing and heating services since the early 1950s. From humble beginnings, we have grown to become one of the most trusted companies in the Baldwin and Hudson areas.
Our commitment to service and availability sets us apart from other businesses. We prioritize customer satisfaction above all else, which is why we have a loyal customer base that continues to grow.
Our team of experts is highly trained and experienced in handling various plumbing and heating needs, from installation to repair and maintenance. We work with top-quality brands like Lennox, Delta, Kohler, Gerber, and Navien to ensure that our customers receive the best products available.
In addition to plumbing and heating services, we also offer water quality solutions, including water filtering and softening systems. Our team can also assist with sewer installation, backup drain cleaning, and soil testing.
We are proud to serve multiple communities beyond Baldwin and Hudson, such as River Falls, Amery, New Richmond, Stillwater, Bayport, and more.
So call us today at Baldwin: 715-684-3378 or Hudson: 715-386-4445 for emergency services or to join our discount club and receive year-round HVAC maintenance with discounts on tune-ups, repairs, and replacements.
FAQs
How Do Tankless Heaters Compare in Energy Efficiency to Conventional Water Heater?
Tankless heaters are generally more energy efficient than conventional storage tank water heaters. Unlike conventional heaters that constantly heat and reheat water, tankless systems heat water on demand through a heat exchanger, which can significantly reduce energy consumption and lower utility bills.
What Are the Benefits of Upgrading to a Tankless Water Heater?
Upgrading to a tankless water heater provides several benefits, including continuous supply of hot water, reduced energy consumption, and longer lifespan compared to tank water heater. Tankless system are compact and save space, making them ideal for smaller homes or apartments.
Can Tankless Heaters Provide Instant Hot Water?
Yes, tankless heaters are designed to provide instant hot water. When a hot water tap is turned on, cold water travels through the heater where a gas burner or electric element heats it up instantly, ensuring that hot water is available on demand without the wait time associated with tank water heaters.
Are There Different Models of Tankless Heaters Available?
Yes, there are various models of tankless heater available, including both gas and electric models. Gas units generally offer higher flow rates than electric ones and can be more suitable for larger households or where the demand for hot water is higher. Both types of models are designed to fit different energy needs and installation environments.