Tankless Water Heater Price and Performance. Is It Worth It?

Tankless water heaters have become increasingly popular among homeowners because of the many benefits they have to offer. This style of water heater is not only energy efficient but they are known for saving money as well which is a huge perk to homeowners. There are different options available for whichever fits your home and your budget best.

First things first, the price of a tankless water heater. There are different prices for different situations so as with everything it really depends on a few different things. The two different fuel types can vary in price and the necessary materials and equipment can cause a fluctuation as well. The initial upfront costs of a tankless water heater can seem scary but the benefits and longevity of these units truly do pay for themselves. For an electric tankless water heater, you can expect to spend around $1200 between the unit itself and the installation. The downfall of the electric tankless water heater is that if there is any additional electrical work to be done such as rewiring it can cost up to $5000. The gas tankless water heater can be more pricing running up to $3000.

The performance of the tankless water heater is unbeatable. These water heaters are particularly sought after because of the on-demand hot water that they offer. Most of these tankless water heaters can produce gallons of hot water per minute on demand. With a tankless hot water heater, you don’t have to worry about running the washer while in the shower because it can produce hot water for both simultaneously with no issue. Tankless water heaters are energy efficient which makes them a higher performance making them around 34% more efficient than tank hot water heaters.

In all, a lot of homeowners have taken that step into getting tankless water heaters. There are so many benefits to tankless water heaters that you simply cannot go wrong. It may seem like a huge step when you see the initial costs of these water heaters but once everything is purchased and installed you can rest easy knowing that it will save you money in the long run.

The tankless water heater is simple and compact, unlike the conventional tank water heater. These traditional hot water heaters take up a lot of space while the tankless water heaters can be mounted not just on the wall but in some cases in the wall between studs to maximize space. Not having a huge tank to worry about it also takes the worry away about random flooding that can happen with the tank’s hot water heaters. This can give you peace of mind that there’s no chance of 120 gallons of water leaking into your home and causing damage.

There are so many benefits and perks to having a tankless water heater that it’s hard to deny that it is the best choice. Tankless water heaters can help save on both energy and money and increase the value of your home making them the perfect choice.