If creating a more eco-friendly and energy efficient home is a priority for your household, then you should consider installing a tankless water heater.
With the awareness of climate change, pollution, and the dangers of wasting energy at the forefront of conversation in global society, doing the best you can to improve your environmental footprint is the least we can do to save vital resources for future generations. And you can start helping do just that in your own home.
Tankless water heaters aren’t just a means to protect the environment, but also your savings, in many aspects. Installing them can save a household significant money in the long run, which of course, is a great pro.
That money could be put to better use for your family. However, they may not be the best option for everyone. There are several pros and cons of going tankless , but there are five you should know about before making your decision.
5 Pros & Cons Of Using A Tankless Water Heater
1. Pro: Hot Water Will Always Be Abundant:
When you have a limited supply of hot water in your home, based on the limited volume of a storage tank, hot water will inevitably run out before everyone has the chance to shower or wash dishes.
If you live alone or use a minimal amount of water, this might not be a deciding factor for you, but if you live in a household with a big family, and a lot of hot water needed on the day to day, investing in a tankless heater might be a better option.
This does not mean that you have an unlimited amount of hot water, however, as natural resources are limited, and appliances can only go so far. However, showering will be a much better and warmer experience if you don’t have to worry about the hot water running out midway through.
Because they aim to save energy by heating water only when needed, showers will always be hot. If you and your family live in an area where it can get to freezing temperatures, this is the time of year where you will be thankful to have one of these heaters in your home.
Nothing is better than a warm shower when freezing temperatures threaten the outdoors.
2. Pro: Lower Month-to-Month Costs:
The initial installation cost will be expensive, but the cost will even out in the long run, as month-to-month water usage will be lower. This also means that households will save quite a bit yearly as well.
Many are scared away by the initial cost, not thinking about their savings in the long term. If you’re someone who loves a budget, switching from the expensive tank heater to a tankless one can lower bills and lower the stress that comes with them.
Many people essentially forget about the large initial investment for a tankless heater, especially when the colder months hit and you find yourself defrosting under your warm shower!
3. Con: It Will Take Up Space:
Tankless water heaters don’t come as an all in one package, unfortunately. In fact, a few accessories are needed to ensure that it runs properly. These include a water softener and bags of salt. Both of these accessories are not small and will add to the space they will take up. Many people end up trying to shift their things around to make space for the necessary accessories needed for theirs.
With all of these things combined, going tankless might actually take up more space than the alternative. If you have a small space already, this might be a concern if you have plenty of space to put your heater and all that comes with it, less so.
Either way, when it boils down to it- it does depend on space and necessity for this heater. If you can spare a large cabinet for salt storage, it might not be a bad idea.
4. Con: High Initial Cost:
A tankless water heater will save water, energy, and money over time, but the sticker shock of installation is something to consider, especially because it may take years to recover the money spent on installation. They usually cost $500-1,000 for the equipment itself in addition to the cost of installation.
The more efficient or new the equipment, the more it is likely to cost. However, it’s best to remember this is a one-time cost and the monthly costs will be much less than a storage tank heater. After a few years of use, you will notice huge savings in cost compared to traditional methods.
5. Pro: Longer Lifespan:
They will last longer than a storage tank. Having a longer lifespan means that it will cost more upfront, but less in the general scheme of things. Cutting costs on installations and new equipment means that the higher price for installation and the heater itself is probably worth it, depending on how you like to or are able to budget.
The age-old argument is quality over quantity when it comes to tankless heaters, as the better the quality the heater, the less you will have to spend on fixing it. Not having to worry about it breaking down will also provide solace to your household, and the fear of a cold shower can be kept as a distant memory.
Plus, many of these brands will offer a warranty for a certain amount of time- to put our heart at rest!
Types Of Tankless Water Heaters:
Which Should You Choose?
Before making a decision , take all of these positives and negatives into account to decide what is right for you and your household. Whether you have space, or you need to make some, or you’re afraid of the initial sticker cost… the long-run benefits might be better than you’re expecting. You may be surprised at the lasting effects!
p.s. You’ll be considered a hero during the colder months!