If you’re interested in saving energy and money, a tankless water heater might be the right choice for you. These types of heaters use modern technology to heat water as it is necessary.
Unlike other water heaters, it does not need to maintain a specific water temperature in a tank throughout the day. There are both benefits and drawbacks to these systems, but for many households it will ultimately be a beneficial choice.
The Cost of Tankless Water Heaters
These units usually cost you more than their traditional counterparts to purchase and install. The flip-side to this initial investment is that it will cost you less to operate on a monthly basis.
There are also government credits available to many homeowners who install these types of heaters, as they are better for the environment.
Whether it is a good financial move for you may depend on the volume of hot water you use in your household.
Large Households and Standard Water Heaters
Most of the standard types of heaters cannot produce a high volume of hot water at any given time, due to the way they are constructed.
If you have a larger household, you may find that one of these heaters simply doesn’t have the capacity to provide enough hot water for your needs.
Families that run multiple showers at once or use hot water for multiple appliances, such as dishwashers and washing machines, could run into this problem.
However, the problem can be removed entirely if you schedule the use of hot water among your family members.
The Hidden Benefits of Tankless Water Heaters
Home buyers today are trending more towards buying homes that are energy-efficient and environmentally friendly.
The addition of a tankless water heater can have a significant return on investment if you’re currently thinking about selling your home.
They also makes it impossible for you to actually run out of hot water. Even if you use the water heater beyond its capacity, all you will need to do is shut off one of the items in your home using hot water.
Tankless water heaters may be more expensive to purchase and install, but they are also usually easier to repair and last longer than other forms of water heater.
If you’re looking for a way to invest in your home that will also ultimately save you money, a tankless water heater could be exactly what you need.