Should You Go with a Tankless Water Heater?

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Tankless water heaters are compact

Unless you have been living under a rock or never seen a home improvement show on television, then you have heard something about the wonder that is a tankless water heater. A tankless water heater provides a lot of answers to questions or concerns that people have had about traditional hot water heaters, with energy-usage being just one of them. Tankless water heaters are compact, use far less energy, won’t run out of hot water when guests come over, and cost a lot less to operate. If you are thinking about home improvements and have a tankless water heater on your agenda, here are a few things to consider before bringing home your new model.

One of the most important things to ask yourself before buying a tankless water heater is if you can afford it. Many tankless water heaters are about three times the cost of a traditional water heater, around $3,000 or more. While you can earn back the upfront cost over time by money saved on utilities and there are potential rebates available in some areas, you need to factor in the cost before you decide on purchasing.

Another thing to consider before going with a tankless water heater is what your power situation is like. Unlike traditional water heaters, tankless water heaters often rely on electricity in order to deliver warm water. If you live in an area that has frequent power outages due to storms or something else, you might choose a traditional water heater.

When it comes to water heaters, do you want your next one to be a tankless water heater or traditional water heater? Let us know at Minyard Plumbing, Inc.