Storage tank water heaters have been around for many decades already. The conventional water heater system was working well for most households until tankless water heating came along. Today, most property owners, both residential and commercial, have chosen to go tankless to satisfy their year-round water heating needs.
What is a tankless water heater?
According to the United States Department of Energy, tankless water heaters or demand-type water heaters provide hot water only as it is needed. They heat water directly using a burner or electric heating element. Today, a tankless water heater installation costs about $2,128 or between $1,095 and $3,168, including the unit and labor.
Here are 5 reasons to install a tankless water heater in your home:
1. It will save you money on your monthly water heating bills.
One of the top benefits of tankless units is that they are energy-efficient. That means you can enjoy an unlimited supply of hot water without worrying about high energy bills at the end of the month. The United States Department of Energy explains that for homes that use 41 gallons or less of hot water daily, tankless water heaters can be 24%–34% more energy-efficient than storage tank water heaters.
2. It does not take much space in your interior.
If you have a small home space, it would be difficult to find an installation area for a large tank. On the other hand, a tankless unit can be easily mounted on the wall, saving you valuable indoor floor space.
3. It can last 10 years longer than a storage-tank water heater.
Experts say that a tankless water heater can last 20 years, while a storage-tank water heater can only last for about 10 to 15 years. If you are looking for long-term water heating benefits, you’ll know right away which option to go with. With easily replaceable parts, you can even extend the service life of your tankless unit for a few more years.
4. It helps reduce the risk of flooding on your property.
With a large water tank sitting in your basement, you can’t deny the possibility of flooding in your home once the tank leaks or bursts. Consider this when deciding what type of water heater to install. Water damage can be very costly, so you’ll want to go with the safer option—a tankless water heater.
5. It adds value to your home.
A house with a tankless water heater system will sell faster than one with a conventional tank water heater system. So, if you are going to invest in a new water heater installation today, be sure to choose a tankless unit. While the upfront cost can be high, installing a tankless water heater today will let you settle for a higher resale value of your home in the future.
Are you ready to take on a tankless water heater installation in your residential property? If yes, waste no time and talk to your trusted local plumbers to get quality consultations and estimates. Make the right choice today!