Benefits of a Tankless Water Heater

Saves Space

Tankless water heaters are small and typically mounted to a wall, rather than typical water heaters big enough to hold between 40 and 80 gallons of water at a time. This makes tankless water heaters suitable for small living spaces or if you just need more space!

Lasts longer

A significant advantage to tankless units is that they have approximately double the lifespan of standard units.
Standard water heaters usually last about 10 years, so tankless water heaters can be an essential investment in your home’s future. If you’re looking to stay in your home for a longer time, then a tankless water heater may be a good option.

More energy efficient

According to the US department of energy, tankless water heaters can be 8-34% more efficient than standard water heaters.
The monthly savings due to the energy savings may not be much monthly but can save you a couple of hundred dollars a year and save you thousands of dollars over the lifespan of the tankless water heater.

Can be slower

Since there is no reserve of hot water, there can be a small time adjustment while the initial water is heating.
The hot water supply is not unlimited because tankless water heaters only have a set flow rate. So if a lot of hot water is being used at once, like someone is taking a shower, the washing machine, and the dishwasher are running, then tankless water heaters cannot keep up.

More expensive installation

Tankless water heater installation will likely cost significantly more money than tanked water heaters upfront.
This higher initial cost can be offset in the long run due to the convenience and energy savings throughout the lifespan of tankless water heaters.

Pros of a Tankless Water Heater

Saves Space

Tankless water heaters are small and typically mounted to a wall, rather than typical water heaters big enough to hold between 40 and 80 gallons of water at a time. This makes tankless water heaters suitable for small living spaces or if you just need more space!

Lasts longer

A significant advantage to tankless units is that they have approximately double the lifespan of standard units.
Standard water heaters usually last about 10 years, so tankless water heaters can be an essential investment in your home’s future. If you’re looking to stay in your home for a longer time, then a tankless water heater may be a good option.

More energy efficient

According to the US department of energy, tankless water heaters can be 8-34% more efficient than standard water heaters.
The monthly savings due to the energy savings may not be much monthly but can save you a couple of hundred dollars a year and save you thousands of dollars over the lifespan of the tankless water heater.

Cons of a Tankless Water Heater

Can be slower

Since there is no reserve of hot water, there can be a small time adjustment while the initial water is heating.
The hot water supply is not unlimited because tankless water heaters only have a set flow rate. So if a lot of hot water is being used at once, like someone is taking a shower, the washing machine, and the dishwasher are running, then tankless water heaters cannot keep up.

More expensive installation

Tankless water heater installation will likely cost significantly more money than tanked water heaters upfront.
This higher initial cost can be offset in the long run due to the convenience and energy savings throughout the lifespan of tankless water heaters.

Call A Plumbing Professional at High Speed Plumbing

High Speed Plumbing is available 24/7 to help you decide if a tankless water heater is the right choice for your home!