Tankless water heaters are growing in popularity with homeowners. According to Coherent Market Insights, the global tankless water heater market is estimated to experience a 5.7 percent growth rate by 2027.
Unlike a storage-tank water heater, going tankless can be a smart choice for your home and wallet. Water heater usage is the second largest expense for your home, so research is critical to finding the best solution for the needs of your home and family. Here are a few facts about tankless water heaters to make your decision easier.
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A tankless water heater carries a bigger price tag than storage but pays for itself over time in energy efficiency, maintenance, and durability. Purchasing a tankless water heater can earn you a tax deduction or a rebate from your utility company. Moreover, tankless water heaters can last up to 20 years compared to 7-10 for storage which saves you money long-term for a replacement.
Hot water on demand
This is the best reason for many homeowners to say yes to going tankless. Endless hot water is ready when you want it. Storage water tanks keep gallons of hot water ready for whenever you need it but can run out. That can be challenging when your home has guests for the holidays or if everyone in the house decides to take a long bath on the same day. When the tank is empty, the last one in the shower or bath will have to wait for the water to warm up again or deal with cold water.
You don’t have to wait for hot water with a tankless. It heats instantly and gives you hot water for as long as you need it. No cold water surprises in the shower.
Once a plumber installs your tankless water heater, very little maintenance is required, as long as good water quality is maintained. Because it is tankless, it minimizes common risks related to storage water heaters such as leaks and sediment buildup. This generation of tankless water heaters includes wi-fi technology to adjust temperature away from home.
Who should consider a tankless water heater?
A tankless water heater is for those who desire endless hot water, have space concerns, or want a more efficient product.
Do I need a gas or electric line to install a tankless water heater?
Tankless water heaters work with electric, natural gas, or propane.
What brand does L.D. Smith Plumbing recommend?
We are a proud supplier of Navien tankless water heaters. Recognized for its sophisticated engineering and robust design, Navien is one of the fastest-growing companies in the home comfort sector and a leader in providing condensing tankless water heaters.
Is a consultation needed prior to installation?
We highly recommend a consultation to inspect the location of your current water heater and help you determine if a tankless water heater is the best solution for your home.
Will my older home accommodate a tankless water heater?
Tankless water heaters work well in most homes – old and new. Again, we highly recommend a consultation with a member of our team to confirm if a tankless water heater is the best solution for your home.
Need a new water heater? Contact the experts at L.D. Smith Plumbing for a consultation or replacement.
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