Are Tankless Water Heaters Worth It?

If it is time to consider upgrading, think about tankless water heaters

. These devices can provide you with the type of energy efficiency you need. Because they do not store numerous gallons of heated water within them, they do use far less energy. Yet, they can be more expensive to purchase outright. Are these devices really worth the investment? One way to find out what the best and most efficient option for your home is to have a consultation with a professional who can take into consideration your specific needs.

The True Cost

Did you know that the water heaters in most homes account for up to 40 percent of the home's energy budget? That significant amount of energy could be costing you thousands of dollars each year. The type you have does make a difference. Some companies claim that gas-fired systems can cut costs by as much as 50 percent. However, not all of those claims are clearly defined and possible. The more time you spend investing in research of the true efficiency of the system, the better.

A good way to see the difference is to compare the Energy Star rating on the system. This information is published by the US government and is reliable as such. Compare the size model that is right for your home if you are using tank systems. For tankless systems, consider the energy rating provided on the model you most likely will buy.

Installation Makes a Difference

No matter what the cost of the actual system is, the installation is another factor to keep in mind. Overall, your goal should be to upgrade to an efficiency system if it makes sense to do so factoring in all costs. For example, a tankless system can require new installation of wiring and various components including connections. If you need to replace the current heaters in your home due to a lack of function or a significant reduction in energy costs, then it may be a good idea to upgrade to a tankless system. On the other hand, if your current system is working well enough, repairs may be best to minimize costs.

It can take some time to realize the benefits of an upgrade to a tankless system. However, in the long-term it is possible to get significant savings from this type of system. Realize that not all water heater systems are the same. Compare each one to determine energy efficiency, key features, and affordability before making your investment. You may find a significant amount of difference between manufacturers of what seems like the same system. The more research you do, the more likely it is you will end up with the right system for you, tankless or not.

by: Anders Abadie

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