Lansing Heating And Cooling

Pros and Cons of Tankless Water Heaters

Lansing Tankless Water Heaters

Are you considering a tankless water heater for your home? If so, it’s important that you contact a tankless water heater installation company to help you make the right decision. Below, we have listed the pros and cons of installing a tankless water heater, compared to other HVAC options.

Pros

Limitless Hot Water

How does limitless hot water sound? With regular tank water heaters, it’s not uncommon for the supply of hot water to run outafter one of your family members takes a long hot shower. However, with tankless water heaters, the water is heated directly as it is needed, which means more hot water for you and your family. Many homeowners find this to be a convenience.

Lower Energy Bills

Everybody likes to save money on their utilities. The U.S. Department of Energy states that homeowners with gas-fired tankless water heaters save approximately $108 each year on their energy bills. Those with electric tankless water heaters save approximately $44 yearly. Be sure to compare these numbers with the initial start-up costs of a tankless water heater to make sure it is a worthwhile investment.

More Space

Just like the name suggests, tankless water heaters have the advantage of not needing tanks. This means that you can have more space in your basement for other things that are more important to you. For example, many homeowners use this newfound space for storage.

Longer Warranties

Warranties for HVAC appliances are a smart investment because they protect you from paying for covered repairs. Quality tankless water heatersare usually warrantied for 15 years. In comparison, their tank counterparts are usually only covered by warranty for six years.

Cons

Expensive Installation

Unfortunately, tankless hot water heaters have a high start-up cost. Gas-fired tankless models will cost approximately $3,000, while electric models will cost approximately $1,000. Before installing a new tankless water heater in your home, you’ll also want to determine whether or not you’ll have to update your home’s electrical system for compatibility. This rewiring can cost thousands of dollars, depending on what needs to be updated.

If you are interested in our tankless water heater installation service, please feel free to call our Lansing water heater company at (517) 485-9437. At Block Sloane Heating & Cooling, we are dedicated to helping homeowners just like you make the right HVAC decision for their home.