Are you trying to decide if a tankless water heater is right for you and your family? Here is what you need to know.

Energy Efficient

In terms of efficiency, nothing can compare to a tankless water heater! Unlike traditional water heaters, they do not keep water heated when you are not using it. Tankless water heaters are able to heat water instantly as it is needed. This means big savings on energy costs, and also that you will never run out of hot water no matter how much is used.

The capacity of a tankless water heater to provide hot water for simultaneous household duties vary, and can be somewhat less than traditional water heaters. For instance, if you use the shower, laundry and dishwasher simultaneously it could affect the flow rate (gallons per minute). So, they may not be an ideal option for high demand hot water use households. Click here for more information on selecting a tankless water heater.

Great For Small Spaces

Designs and regulations have changed in recent years for traditional tank water heaters, especially for the 50 gallon and larger models. Regulations now have added both height and girth to gas water heaters tanks, so when you need to replace your water heater, the same size may not fit into the same space in your home. Instead of paying for expensive contractors to make your water heater space larger, you can consider getting a tankless water heater instead. Not sure what size you need? Click here to see how to size your water heater, or have a professional to do it for you!

Cost and Value

The initial cost for the tankless water heaters and installation is higher than traditional water heaters, however, this cost can be offset if you plan on staying in your home long-term. Tankless water heaters have a 20-year life expectancy—twice as long as the life span of traditional storage water heaters. You should also know that they also require additional maintenance once a year for the sediment to be flushed from the system, so you should factor that additional cost into your budget.

Installation

Installation for a tankless water heater is much more difficult than replacing a traditional water heater, so hiring a professional is highly recommended. New gas and water lines will need to be installed, as well as a new vent. Incorrect installation can lead to damaged property and a safety hazard for your family, so make sure you contact at least three companies for an estimate so you know your getting the right person for the job.