Many homeowners are asking themselves: Should I go with a tankless water heater or stay with a traditional one? There are certain benefits to having either, but recent studies show that going tankless is an efficient, cost-effective way to have on-demand hot water and save yourself a lot of money in the process. Some worry about the initial cost of switching out a water tank for a tankless water heating system, but for those who can spend the money, the long-term payoff is well worth it.
Tankless Just Makes Cents
When you go on a vacation, you don’t leave your furnace cranked up to normal levels when you aren’t going to be using that energy. The same concept applies to a tankless water heating system: You only turn up the heat when you need it. Plus, going tankless is super cost-effective. According to Rheem Manufacturing, the cost of operating a tankless system vs. a traditional water tank is approximately half. Gas is also more efficient than electric, if you are weighing it on that criteria. Many traditional water tanks are electric. But, even with gas heating, a gas tankless water heater will present the best of both worlds.
Worldwide Popularity
Tankless water heaters are definitely the water heaters of choice, globally. They are very popular in Europe and Asia, where space and cost efficiency are of paramount importance to hot water enthusiasts. Tankless water heaters are also catching on throughout Florida, where homeowners in Miami, Ft. Lauderdale, Hollywood, and other FL cities have seen the amazing cost and fuel-efficiency of going tankless. Rinnai tankless heaters are the most popular tankless water heater in the US–and we sell and service them through A to Z Statewide Plumbing!
Investment vs. Payoff
Another side of the argument alleges that the initial investment in a tankless water system does not, in fact, justify any long-term rewards. But, this is hearsay and speculation based on individual cases (home daily water consumption widely varies). With traditional tanks’ lifespans lasting around 10 years, on average, and tankless systems lasting 22 years, average, the savings vs. initial cost of going tankless gives you a larger ROI, overall. Cost estimates for tankless heating can vary from company to company, but land somewhere in the median range of $1,500 to 2,500. With one savings calculator putting it at up to $200 per year ($4,400 lifetime average), the financial rewards are definitely there.
We Want To Hear From You
We want to answer any questions you may have regarding traditional vs. tankless water heating, so give us a call at 1-800-930-1123 or fill out our online contact form and we will respond right away. Our expert plumbing professionals are available 24/7 365 days a year!
