Are Tankless Water Heaters Worth the Investment?

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If it’s time to update your water heater, then you might consider the option to upgrade to a tankless system. Often, homeowners find the need to replace the water heater because the old equipment is no longer working. But, there are times when people are motivated to replace the water heater proactively, helping to improve the efficiency of the home and reduce the risk of problems in the future.

Common Equipment for Residential Use

The most common solution is a traditional water heater for residential installation. Even though these systems are commonplace, many people are leaning towards the benefits that come from tankless water heaters.

There is no right or wrong answer for your home. Just because most people use traditional water heaters, doesn’t mean that it is the right answer for your family. You need to consider your goals and preferences, then talk to an experienced plumber for recommendations.

Long-Term Savings for Your Family

Yes, a tankless water heater is a big investment. If a homeowner has a limited budget for the home improvement project, then it makes sense that the default decision is to choose a cheaper water heater with a tank.

But, if you aren’t limited by upfront costs, then a tankless system can lead to long-term savings. A tankless system eliminates the risk of energy loss due to standby energy loss. The tank always holds hot water for the home, and this water loses energy through the insulating material.

On the other hand, a tankless system only heats the water when it is needed. So, there is no risk of energy to heat water that won’t be used. It might seem like a small savings, but the costs can add up over time.

Lifespan of a Tankless Water Heater

At the same time, you also need to think about the lifespan of your tankless water heater. A traditional tank system usually only lasts between 12 and 15 years. But, a tankless system can last as long as 20 years or more. Add up the savings and reduced maintenance costs in the future, and you can see that it is possible to reduce your spending over time.

If you have questions about water heater installation, then our team is here to assist. Call Wells Plumbing, Heating, and Air Conditioning: (951) 375-6856.