Are Tankless Water Heaters Worth Your Money?

When water heaters give out, you may consider investing in a newer type, such as a tankless version. As the name implies, these systems do not have a large tank with gallons to heat. Rather, when there is a need, the heater then warms the water to the proper temperature. There are some great benefits to these systems, but some people do have problems with them. Prior to investing in one, talk to a professional who can offer a consultation and then a recommendation based on your particular needs.

There is a Need to Save Money

For those considering this type of system, it is often because of the promised savings. According to some records, these bills can account for up to 30 percent of your energy budget. The question is then, are tankless units the right way to go if you want to save money?

By some reports, these tankless water heaters can save you money. Some reports indicate that such systems can save as much as 22 percent. The system works by allowing the water to run through a heat exchanger, which heats it at a super fast rate. Gas systems seem to be more energy efficient than electric models. You need to think about a few things before investing.

• If you need to replace your current system, consider choosing tankless. Otherwise, the upfront costs of replacement of a currently working tank system may not be worth it. Some of these units cost several hundred dollars more than storage tanks.

• Some systems are unable to produce consistently hot water. Temperatures can run hot then cold in the same use. Inconsistency can be a factor for those who are relying on having the highest quality, most reliable system.

• On the other hand, investing in a super, energy efficient storage model could cost you, too. The most energy efficient models for storage and non-tankless systems can run almost twice as much as average models and several times more than tankless systems. If you are looking for efficiency, overall tankless systems are a good route to take.

You will want to invest in quality. You also should consider a professional company to install the system for you. This reduces the risk you will be dealing with problems in the short term. Investments in water heaters may not seem like a big deal, but the right system can improve your overall energy costs in the long term. That is the catch though. You will make your money back with a more efficient model, but it will take you a long time to do it in most situations. From the right company this switch may be worthwhile.