Hailed as efficient and economical, tankless water heaters are the latest trend in the hot water heater industry. Since heating your water makes up for nearly 30 percent of your energy bills, it makes sense that so many people are making the switch to demand-type water heaters. But are these models really as efficient and economical as manufacturers claim? What is the difference between a traditional water heater and a tankless water heater? Here’s a look at the pros and cons of tankless water heaters and whether they are right for you.
Unlike a traditional water heater, a tankless water heater comes without the large storage tank. Instead, it is a small unit that heats up water as it is needed either through a gas burner or an electric device. For this reason, a demand-type water heater offer many benefits.
A tankless water heater provides a household with a regular supply of hot water on demand, which means you receive hot water whatever whenever you need it, (unlike a traditional water heater that stores up hot water in the storage tank.) This one reason alone has garnered a lot of attention, and is most likely the number one reason people make the switch to tankless water heaters.
A tankless water heater not only provides a never ending source of hot water, but also saves money on gas. According to Payless Water Heaters, this type of water heater pays for itself over years in gas.
Another benefit to owning this type of water heater is the size. A tankless water heater is small and convenient, which means it can be mounted nearly anywhere on wall. It takes up less space, and can be relocated quickly and easily. The compact design of the unit (without a tank or a pilot light) also makes it safer in Earthquakes.
Tankless water heaters available through Payless Water Heaters are also considered very durable. Although they cost more to install up front, they are said to last longer than traditional tanks, and require less maintenance in the long run.
However, there are many downsides to owning a tankless water heater. They are more expensive to purchase and install than traditional water heaters. In addition, they might not be as durable as some companies claim. According to ConsumerReports.com, a tankless unit might need more care due to scale buildup. However, you can remedy this problem by installing a water softener.