Before going ahead and getting a tankless water heater, maybe it is important to ask yourself that question as different households have different needs. As much as there has been a lot of hype about tankless heater, it may not be necessarily for you, thus it is important to explore the pros and cons of a tankless water heater before settling on one. Some of the pros of a tankless water heater include:
They are economical: If you care about your bills you might consider switching to a tankless water heater as they can help you to save 30 – 50% of the water heating bills which is quite an amount. What makes it economical is the fact that they only use enough power that is needed to heat water at a certain time. They are also energy efficient which makes them economical as they give no space for standby heat loss. With a tankless unit, you can get a federal tax rebate of up to $300.
Continuous flow of hot water: With tankless water heater you can have a continuous supply of hot water saving you the inconvenience of running out of water or having to wait for water to heat up.
They use less space: They will take less space in a home and can even be installed under cabinets, in a closet, on walls or outdoors with an anti-freeze kit. It depends on the size of the unit and most of them are small in size.
Convenience of use: they can be controlled by a remove control and also have up to four additional settings for easy control. Unlike other tanks, the chances of the tank to rapture are very minimal hence low chances of flooding.
Long lasting: They are said to last way longer as compared to regular tanks.
Cons of a tankless water heater
They are costly: They are said to be costlier than regular tanks and can cost up to three times more
It may lead to wastage of hot water as the hot water will be evenly distributed among all the household fixtures and some places you may not need hot water.
The hot water is not instant and the lag time can lead to water wastage as you have to run the water first before getting hot water. Unlike other heater, this one requires a minimum flow rate of .5 GPM for the heat exchanger to be activated.
For the unit to have enough fuel, you will have to add a large natural gas line. You will also have to add expensive stainless steel tubing for venting the gas and propane units.
If you are using an electrical unit, you will have to add an additional circuit. For gas units you will have to service them annually which may be expensive. Gas units also produce greenhouse gases which are harmful to the environment. Electrical units on the other hand use a lot of energy.
As much as tankless water heater all have the same relative pros and cons, some manufacturers may produce better variations of the tanks.