What to know before you make the switch
If it’s time to replace your water heater and you’re one of the many homeowners in Granite City, IL, who are looking for ways to cut down on your energy bill, then a tankless water heater may seem like an intriguing option. They take up significantly less room than a traditional water heater, and because they heat water on demand rather than heating and storing water around the clock, their operating costs are typically lower. They also have a longer lifespan, in some cases lasting nearly twice as long as their traditional counterparts.
Things to consider before going tankless
Does it make sense for your home size/usage needs?
Tankless water heaters make sense for some households. Small households with one or two members typically use considerably less water than households with families of five or more members. Fewer baths and showers are run, and fewer clothes and dishes need to be washed. Households that use less than 41 gallons of hot water in a day may be wasting money using a traditional water heater, and a tankless water heater can be a great way to save space and money.
However, tankless water heaters have limited output and typically aren’t well-suited for larger households. While it’s true that tankless water heaters heat water on the spot, they can only heat so much water at a time. If hot water is going to be used from more than one place at a time; for example, if two showers are running or a dishwasher and washing machine are going at the same time; then the tankless water heater may not be able to keep up.
Will it save you money?
Additionally, a very basic tank water heater may cost just a few hundred dollars and can price out up to $1,000, depending on its size and the options it has. Tankless water heaters often start at $1,000 and go up from there, making them cost-prohibitive for many. While they may offer monthly savings on your energy bill, it can be years before the water heater pays for itself.
Another cost to consider is the cost of retrofitting your home. It won’t matter how much money your new tankless water heater saves if you have to spend a fortune on the infrastructure to support the system itself. In short, these systems may not save you that much money.
Where can you learn more?
Tankless water heaters aren’t for everyone, but they can be a great option for small households that have a limited amount of space. Call us today to discuss your household’s needs, and our experts will help you find the best water softener for your budget.
