If you know that your water heater is getting older and it may soon be time to replace it, you may be thinking ahead about which kind of water heater you'll buy. You can replace it with a water heater with a tank or you can purchase a tankless water heater. You may be wondering if buying a tankless water heater is the right choice for you. Keep reading to learn more about this option:
What is a Tankless Water Heater?
You may be wondering what exactly a tankless water heater is. A tankless water heater is an appliance without a tank. Instead of heating up a tank of water and storing it within the tank, it instantly heats the water as it flows through the device. This can be a much more convenient option!
How Much Does a Tankless Water Heater Cost?
It depends on whether you purchase a gas or electric tankless water heater, but both will cost more than a traditional water heater. You'll likely spend at least $500 to buy an electric model and at least $1,000 for a gas tankless water heater. On top of those costs, you'll need to pay installation and labor fees as well.
Is It a Better Option?
Yes, a tankless water heater can offer so many benefits compared to a traditional unit with a tank. Since you won't be storing a big heavy tank, a tankless unit will save space. You can also save energy with this upgrade. A tankless water heater uses less energy since it heats the water up as its being used and doesn't require the heating mechanism to be working all the time to heat the whole tank. By upgrading your unit, you can also save money on your energy bills and you can take longer showers without worrying about running out of warm water.
Will This Be a Good Improvement for My Home?
You can benefit by making the switch to a tankless water heater. It will not only make your daily life better, but it can also be a nice investment to make. In the future, potential homebuyers will be attracted to a home with this kind of unit.
If you have questions about your current water heater, or if you want to learn more about installing a tankless water heater in your home, reach out to an HVAC and plumbing company in your area.