Are Tankless Water Heaters Worth The Investment?

Are Tankless Water Heaters Worth The Investment?

If you’re considering upgrading your water heater, you might have come across tankless water heaters (often called demand water heaters) as a popular option.

This article reviews key factors to consider before going tankless to help you make an informed decision for your home.

Tankless Water Heaters Have A Higher Upfront Investment.

It is no secret that tankless water heaters have a higher upfront cost compared to traditional models. (Keep reading to learn why!)

So the first thing to calculate is how long you plan to stay in your home. If you plan to stay for a long time, the energy savings of a tankless system may outweigh the initial investment. If you’re not in your forever home and plan to move in the foreseeable future, you may not make your money back in energy savings.

Tankless Units Last Longer & Are More Energy Efficient, Ensuring Long-Term Savings.

Tankless units have a longer lifespan (20 years vs. 8-12 years) and are more energy efficient than their counterparts. Because they last longer, going tankless offers reduced maintenance and replacement costs.

According to the U.S. Department of Energy, for homes that use 41 gallons or less of hot water daily, tankless water heaters can be 24%–34% more energy efficient than conventional storage tanks. This means you’ll save more money over time because of lower energy bills, especially in a market where energy prices are on the rise.

Consider Your Family Size, Daily Habits & Preferences.

Then, consider factors such as the number of people in your household and your simultaneous hot water demands (i.e., do you run a lot of appliances at the same time?). If you have a large family who likes to shower in the morning or are constantly running the dishwasher, showers and laundry at the same time–going tankless is a great investment for long-term peace of mind.

With a large tankless unit or several throughout the house, you’ll never have to worry about running out of hot water again–which is priceless.

Interest-Free Financing & Rebates Make Going Tankless Even Smarter.

Another advantage is you’re eligible for money-saving benefits when Euliss installs your Rinnai tankless water heater. Rinnai and the Southeast Propane Alliance are currently offering up to $250 in rebates. Plus, our team will help you submit the paperwork! Euliss also offers a 12-month interest-free payment plan, too.