When it comes to supplying your home with hot water, you will have two main options. These options are a traditional hot water tank and a tankless water heater. While many people ultimately find that the option of a tankless heater better suits their needs, this option will not be right for everyone. Continue reading to learn more about the pros and cons that come along with this option so that you can decide for yourself if a tankless water heater system is right for you.

The Pros Of Installing A Tankless Water Heater

  1. On-Demand Hot Water - Tankless water heaters are capable of heating your water to the desired temperature within a matter of seconds once you turn on the hot water faucet. This allows for hot water to be supplied on an on-demand basis rather than using hot water that has been stored for use when needed. This means that your hot water will never run out no matter how long you leave it running.
  2. Lower Energy Costs - Since tankless systems only heat your water when you are ready to use it, these systems consume far less energy than traditional systems that must reheat the water stored in your water tank each time it cools down so that it is ready to use when you require hot water. This feature can save you quite a bit of money on your energy bills.
  3. Less Storage Space Required - Since these hot water heaters do not make use of a storage tank, they require far less space within your home. This makes tankless water heaters ideal for use in apartments and small houses that offer a limited amount of storage space.

The Cons Of Installing A Tankless Water Heater 

  1. Upfront Costs - While tankless water heaters have the ability to save you a ton of cash over the long term, these systems will typically cost significantly more upfront. This can be a problem for homeowners who do not have much cash to invest in a new hot water heater.
  2. Limited Gallons Per Minute - While a tankless water heater is capable of producing an virtually endless supply of hot water, it is only able to produce a certain number of gallons per minute. This can be a problem if your home requires hot water to be delivered to multiple faucets at one time. 

The Bottom Line

While tankless water heater systems are a great option for individuals who are looking to save money in the long term and do not require large amounts of hot water at any given time, these hot water systems may not be right for homeowners on a tight budget or with a large family. To further discuss the pros and cons of tankless water heaters or to schedule the installation of your new water heater, be sure to reach out to a contractor who offers water heater installation services.