What is the Tankless Water Heater

Tankless water heaters may seem like a thing of the future but they are the real deal! There are many perks and benefits to a tankless water heater. These style heaters can save on both energy and money making them a great option for your home.

Truth be told, the upfront cost of a tankless water heater can be pricey but in the end the savings are great. Tankless water heaters can reduce energy costs by 35% which may not be visible in the first months but will add up annually. Between the equipment and installation cost, you can budget for anywhere between $1000 to $3000. All of this depends on a few different factors like which type of tankless heater you want for your home and if there is any additional wiring needed.

There are two types of tankless water heaters and those are electric and gas. The first main difference in these two water heaters is the cost. The initial cost as well as the long term investment is much higher with a gas tankless heater than that of an electric one. The gas tankless water heater will require ventilation while the electric does not, but if the power goes out it will be more beneficial to have the gas tankless water heater.

This type of water heater may have a higher initial cost than its electric counterpart but it does come with a list of benefits. Gas heaters can offer a higher capacity than that of the electric heaters at 8 gallons of water per minute. Gas tankless heaters can be more efficient and with efficiency they have a lower operating cost. The initial cost may be high but after installation you will be able to see the money you’re saving monthly. Gas tankless heaters are great for delivering dependable hot water especially in colder months and can save your household money.

One of the first noticeable benefits of an electric tankless water heater is the low initial cost and the easy installation process. The unit itself cost between $500 and $700 and because the only thing really necessary for installation is a sufficient power source it means the process is fast, simple, and cost efficient. The electric tankless water heater is the smallest type and requires minimal space. The simplicity of this water heater allows it to be put virtually anywhere because there is no ventilation required like that of a gas tankless water heater. Electric water heaters are great for those homeowners who want minimal maintenance and when problems arise they will be easily fixed. Gas tankless heaters can have problems that are hard to diagnose because of the complexity of the thermal exchange where the electric tankless water heater is a lot more upfront.

Both of these tankless water heaters are wonderful in their own way and can help save on energy costs. It is up to the homeowner to decide which is the right fit for their home. Both can help save on space and give hot water on demand making them perfect for any home.