A tankless water heater has some definite advantages, chief among them that it doesn’t waste energy like a tank-type water heater does when keeping a large volume of water hot for whenever someone wants to use it.
Instead, tankless models employ a heating element for electric water heaters or a gas burner to heat water as it flows through a pipe. The water is heated close to the point where it emerges from the faucet so energy isn’t wasted and that it isn’t heated until it’s needed.
Sounds like a no-brainer, right? Tankless technology definitely offers many advantages over a model with a tank. But before you decide on your next water heater — tankless or tank — do some research. Here are some comparisons to get you started:
How Long Do They Last?
A gas-burning tankless model should outlast your tank-type heater, reaching a lifetime of 20 years or more. That could be two or three times longer than your tank water heater’s life. Electric tankless models are approximate to your tank model, lasting from seven to 10 years.
How Much Do They Cost?
Cost varies, depending on how much water you need. But you can generally plan on a tankless water heater costing more than a tank water heater. Figure that a small gas-fired unit will cost around $200 but might run as high as $2,000 for high-output models. Typically, a homeowner will pay around $1,000 for a tankless model. Regardless of the cost, tankless models will probably last longer.
What Is the Cost of Operation?
Tankless models in general have lower energy and operating costs.
Gas-powered tankless units may waste energy because the pilot light is on all the time. However, these water heaters tend to have higher flow rates than electric models, so you’ll get more hot water.
The cost of operation of tankless technology varies; talk to the manufacturer or a plumbing consultant. You can always turn off the pilot light when you don’t need the unit.
To learn more about installing a tankless water heater, contact Aggressive Mechanical Contractors, Inc. We serve Monmouth and Ocean counties.