Having a reliable and functioning water heater is critical. When it comes to upgrading your home’s water heating system, one question frequently arises: “Should I install a tankless water heater?” This decision can have a significant impact on your energy efficiency, utility bills, and overall comfort. To make an informed choice, it’s essential to learn more about tankless water heaters, considering the pros and cons, as well as your specific needs and circumstances.

Things to Consider Before Switching to a Tankless Water Heater

Tankless water heaters, also known as on-demand water heaters, are gaining popularity in the plumbing industry. With so many people acknowledging its advantages, you may have considered converting to a tankless water heater. Is one of these units, however, appropriate for your home? When deciding on what type to buy, the pros at Gold Star recommend that you look into the following factors.

• Upfront and Installation Costs

The cost of purchasing and installing a tankless water heater is around three times that of a traditional unit. Higher installation costs account for the majority of the cost, as specific wiring and, in some cases, a new vent pipe is necessary. In areas with hard water, some manufacturers also require the purchase of a water softener, which adds to the cost. Not many plumbers have the expertise to install tankless water heaters. These considerations can make it more difficult for low-income homeowners to obtain a tankless water heater, especially in an emergency.

• Cost Savings May Take Years to Realize

Many people praise the energy savings you’ll get from switching to a tankless water heater, but in reality, you may have to wait years before you see the savings. The expenses of running your water heater will be lower in general, but studies show that it could take up to six years for the lower energy spending to make up for the higher upfront costs. Savings are typical in homes with high water demands, so if you have a small family, you may be wondering why you spent so much money for such a minor difference.

• Superior Energy Efficiency

Unlike traditional tank-style water heaters that continuously heat a large volume of water, tankless models only heat water when you need it. This on-demand heating means that they consume less energy over time, leading to lower utility bills and reduced environmental impact. Additionally, tankless heaters can last longer than their tank counterparts, often exceeding 20 years with proper maintenance, further contributing to cost savings in the long run.

• Continuous Hot Water Supply

Another key benefit of tankless water heaters is their ability to provide a continuous supply of hot water. With tank-style heaters, there’s a risk of running out of hot water, especially during peak usage times. Tankless heaters, however, heat water as it flows through the unit, ensuring that you have a steady and uninterrupted supply of hot water. This feature is particularly advantageous for larger households or homes with high hot water demands, as it eliminates the need to schedule showers, laundry, and other activities around hot water availability, providing convenience and comfort to homeowners.

Contact Gold Star for the Best Water Heater Installation Advice

When it comes time to replace your residential water heater and you’re wondering, “Should I install a tankless water heater?”, the experts at Gold Star will give you professional advice. Contact us today to schedule your free quote. We will install a high-quality water heater that is suitable for your family’s needs and budget.