These are some things to think about when deciding whether Tankless Water Heaters are the best choice for your home or business.
Essential Benefits of a Tankless Water Heater
- Federal tax rebates of $300 are available for most tankless water heaters
- They will never run out hot water.
- They can last up to 10 years longer that traditional water heaters.
- They are more efficient and don’t lose any heat standing by.
- Tankless water heaters take up less space, and can be mounted on walls or outside.
- You can install smaller units under cabinets or in a cupboard, which is closer to the intended use.
- They require only enough power to heat water at the right temperature.
- Water heating bills can be slashed by as much as 20%
- Electric cars don’t emit greenhouse gases.
- The majority of units can be operated remotely and have up to 4 settings.
- A ruptured tank will not cause flooding.
Main Drawbacks to a Tankless Water Heater
- They can cost as much as three times the price of a tank water heater.
- The hot water production is divided among all household fixtures.
- To provide enough fuel, you may have to install a larger natural gas pipeline.
- Ventilating propane and gas units requires expensive stainless-steel tubing.
- An additional circuit may be required for electric models.
- The greenhouse gases produced by units powered by gas are known as ‘gas-powered’.
- An annual service is required for gas units.
- Electric models consume a lot of electricity.
- To activate the heat exchanger, they need to flow at a minimum of.5 GPM.
- Water waste is increased by the time it takes to heat your water.
Further Considerations
- Your home’s energy bill is approximately 20 percent for water heating.
- An entire-house electric model can be purchased for $500-$700
- The cost of a whole-house gas system is between $1,000 and $2,000
- Although natural gas is currently less expensive than electricity, it is expected to rise in price over the next few years.
- A 35-gallon standard bathtub can hold, while soaking tubs can hold between 45 and 80 gallons.