Are you looking for a new hot water heater? When deciding on which model works best in your home, you need to decide between a traditional and a tankless hot water heater.
There are many benefits to investing in tankless hot water heaters, as well as several negatives. At Russell & LeMay, we want to make sure you are fully educated, so you can choose the right water heater for your home.
Pros of a Tankless Hot Water Heater
Tankless hot water heaters take up less space. This is great if you have a small utility closet, plan to install another bathroom or finish your basement. The unit typically installs on the wall, keeping your floor space free.
A tankless heater offers you near-instant hot water. This is perfect for large or growing families. There’s nothing worse than climbing into the shower in the morning, only to have the hot water run out. Insufficient hot water means you need to choose between a frigid or quick shower. Neither option allows you time to relax and enjoy your morning routine. Tankless hot water heaters produce hot water on demand, so you’ll never run into this problem again.
Many homeowners turn to tankless hot water heaters as an investment. These water heaters increase the value of your home and make it more desirable to potential buyers. In addition to increasing property values, it also reduces energy consumption. Water is heated as it travels through the unit. There is no need to boil and maintain the temperature of a large tank of water. With traditional water heaters, the water is heated several times. This process is inefficient and drives up your monthly electricity bills. Tankless water heaters cut your energy usage, resulting in lower monthly bills.
You’ll also cut down your water bill with a tankless water heater. Near-instant hot water means you don’t need to let the faucet run as long to get the right temperature. Over time, your tankless hot water heater will pay for itself with savings on your monthly utilities.
Cons of a Tankless Hot Water Heater
The price tag may be the one negative aspect of a tankless heater. Tankless hot water heaters are substantially more expensive than traditional tanks. You may not want to spend thousands of dollars on a water heater when you can spend only a few hundred for a quality, traditional heater. But if you have the money, the tankless water heaters are a better investment.
Tankless water heaters increase the value of your home while saving you money. If you plan on moving soon, a standard water heater may be a wiser use of your home improvement funds. Any new water heater is a bonus to prospective buyers. The presence of a tankless heater is attractive to home buyers and may catch their eye, but it rarely affects the final decision. In the end, the decision to buy and install a tankless water heater is yours.
A tankless hot water heater is an excellent investment, but it is not for everyone. Let Russell & LeMay answer your questions about your hot water heater, plumbing, heating, and HVAC systems. We are available to help you make the best decisions for your budget and lifestyle.