Traditional water heaters rely on constant heating of water, even when the hot water faucet is not being used. Oftentimes, the temperature of the water is far higher than is safe for use, and you have to turn on the cold water to create a comfortable temperature. Energy Star heaters are now available, so now they are a little bit more energy efficient. They are very large and bulky and take up a lot of space and are often unable to be transported once they’ve been installed. They also have a lifespan of only 12 to 15 years.
Tankless Water Heater
A tankless water heater is a water-heating system that only heats water when it’s actually needed. Unlike conventional water heaters, it doesn’t re-heat the same tank of water over and over again, causing a savings in energy costs. When a hot water faucet is opened, the device immediately heats up the water and sends it through the faucet. When the faucet is turned off, the device turns itself off; therefore your hot water supply does not get cut off. They have a longer lifespan than the conventional water heater, up to 20 years. They are also smaller and more portable and versatile and can be moved to almost anywhere in the house.
The Switching Debate
The issue that is stopping most people from switching from conventional to tankless is the price. The conventional water heater is relatively inexpensive and easy to install. It only costs around $300, and when it needs to be replaced, it can be replaced for around $500.
Tankless water heaters on the other hand are quite an expensive investment. The installation cost and the cost of the kit can be over $1,500, and to replace it would be around $3,000. Although it will save you money on energy costs from not constantly heating up water, these tankless heaters require a lot of energy to keep running.
If you’re deciding on whether to switch from a conventional heater to a tankless heater and would like more advice, call us at (407) 413-9795.