Is It Worth Switching to a Tankless Water Heater?

Is It Worth Switching to a Tankless Water Heater?

Is your current water heater reaching the end of its lifespan? Or perhaps you are dissatisfied with its performance and are considering an upgrade. You likely have heard of the growing popularity of tankless water heaters. Lately, more and more homeowners have chosen to install new tankless models instead of conventional water heaters. Why is this?

There are many reasons homeowners are making the switch to tankless water heaters, including:

  • Space savings
  • Better performance
  • Improved safety
  • Better water quality
  • Longer lifespan
  • More consistent performance

Another benefit worth considering is that having a tankless water heater installed makes your home more attractive to potential buyers. With the sudden skyrocketing of the real estate market, many people are considering selling their homes. If this is something you think you will do in the next year and you know you need a new water heater, you may want to consider installing a tankless water heater, as it is often seen as added value when a home is on the market.

To learn more about the benefits of a tankless water heater, review our blog here.

Common Questions About Tankless Water Heaters

While the reasons to switch to a tankless water heater are many, is it really worth switching? The answer isn’t always straightforward – for some people, it is worth the extra cost, and for others, it won’t be. You likely have also noticed that a tankless water heater’s initial cost is more than for a conventional water heater. This can be a difficult decision to make, even when you know the benefits of a tankless water heater.

Below we answer some of the common questions about tankless water heaters and help you determine if making the switch is right for you. Keep reading to learn more.

Do You Ever Run Out of Hot Water with a Tankless Water Heater?

No, you will never run out of hot water with a tankless water heater. Perhaps the number one selling point of tankless water heaters is that they offer unlimited and endless hot water. Tankless water heaters use an internal heating element that heats the water as it moves through the system. Because of this innovative heating mechanism, you no longer need to wait for a storage tank full of water to heat before you have hot water. Instead, the heating element turns on, and you have hot water instantly.

Will a Tankless Water Heater Increase My Electric Bill?

Switching from a gas water heater to an electric tankless water heater may cause you to see a small increase in your electrical bill. However, you should see a reduction in your gas bill as you have removed a gas appliance from your home. Furthermore, tankless water heaters are very energy efficient, and many homeowners report no noticeable change in their electrical bills. Additionally, tankless water heaters tend also to be more water-efficient, so you may see a reduction in your water usage, further saving you money.

Though you may see small reductions in your gas and water bills, this is not the primary reason you should install a tankless water heater. Cost savings can be significant for some families, but it all depends on your hot water usage habits.

Does a Tankless Water Heater Last as Long as a Conventional Water Heater?

Yes. In fact, a tankless water heater will last almost twice as long as a conventional water heater. Traditional models with a storage tank tend to last around 10-12 years with proper maintenance. On the other hand, a tankless water heater will last for approximately 20 years. When you factor in the use-value of a tankless water heater vs. a conventional water heater, the tankless model costs less over time, despite the initial purchase price being higher.

Are you interested in installing a tankless water heater? Reach out to All City Plumbing to get started.

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