If your water heater is no longer up to the task of meeting your family’s hot water needs, it is time for a replacement. In the time since you had your existing tank installed, water heater technology has come a long way. When it comes to deciding between a tank and a tankless water heater, there are many things that you need to consider when shopping for your next system. Continue reading to learn more.
How Much Does It Cost to Replace a Hot Water Heater with a Tankless?
If you are looking into making the switch from a tank water heater to a tankless, cost is an important factor to consider. Tankless water heaters often cost more to install than tank water heaters, but that doesn’t mean they are more expensive in the long run. In fact, tankless water heaters tend to consume less energy and therefore cost much less to operate each month than tank water heaters. That is because these systems are on-demand, which means they only heat water when you need it, whereas tank water heaters are constantly heating a storage tank of water, whether you need it or not.
So, while tank water heaters are less expensive to install than tankless water heaters, they will cost more money to operate each month.
What Is the Downside of a Tankless Water Heater?
Tankless water heaters save you plenty of energy, reduce your monthly energy bills, provide unlimited hot water, take up very little space, and do not leak, but they aren’t right for everyone. Most homeowners agree that the main downside of a tankless water heater is actually the cost of installation. As mentioned above, tankless water heaters cost more than tank water heaters to install. It is not uncommon for the price of a tankless water heater installation to cost three to five times as much as a tankless water heater installation.
Additional downsides of a tankless water heater include:
- It cannot provide you with warm water in the event of a power outage
- It might struggle to evenly distribute warm water when multiple taps, showers, or appliances are running
- It can take a little longer to deliver warm water because it needs to generate it first
- It struggles to achieve a lukewarm temperature
If you are struggling to determine which system is right for your home, it helps to bring in a team of professionals who can provide honest advice and guidance.
Call Life Line Plumbing Today!
At Life Line Plumbing, our team is committed to handling your every plumbing need while providing a unique service experience. If your water heater is on its way out the door, we are here to determine your hot water needs and help you select the best new system for your home and family. Whether you are interested in a traditional tank or tankless water heater, our team has access to the top-performing equipment on the market guaranteed to meet your hot water requirements.
When you choose Life Line Plumbing for your plumbing services, you can expect fair, honest pricing, regular promotions and deals, 24/7 emergency service, the highest level of professionalism, and a 100% satisfaction guarantee on all work completed!
Call (281) 809-0049 to schedule a water heater installation today!