If you are thinking about getting a new water heater, you might have considered installing a tankless water heater instead of water heaters with a tank. You might be wondering if tankless water heaters are better than water heaters with tanks. The truth is, there are both pros and cons to a tankless water heater. Read on to see if a tankless water heater is right for you.

What Are Tankless Water Heaters?

Tankless water heaters are a type of water that heat your water as you need it rather than heating a large amount of water and storing it in a tank. These type of water heaters are also called on-demand water heaters. The tankless water heaters can heat water very quickly by using a powerful heat exchange to transfer heat to the water as it moves through the system and into your pipes. Tankless water heaters can be powered by electricity, propane or natural gas.

Pros of Tankless Water Heaters

One of the biggest pros of tankless water heaters is that they are far more energy efficient than traditional water heaters. If your household uses less than 41 gallons of hot water a day, you can expect to save up to 34% off your energy bills by switching to a tankless water heater.

Another pro of tankless water heaters is that they tend to last much longer than traditional water heaters. The installation cost of tankless heaters is a bit higher, but they last about double the length of traditional water heaters, up to 30 years.

Tankless water heaters are also great for saving space. Instead of needing enough room to store a giant tank to hold your water, tankless water heaters are small, compact boxes that can fit in small spaces.

Perhaps the greatest benefit of a tankless water heater is that you will never run out of hot water. Since the water is heated as you use it and there is not a reservoir of hot water to draw from that will eventually run out.

Cons of Tankless Water Heaters

One of the biggest cons of tankless water heaters is the high installation price. However, the tankless water heater more than pays for itself over time due to tax rebates, energy efficiency and a longer overall lifespan.

Another con is repair costs. Tankless water heaters tend to be more expensive and costly to repair than standard water heaters and if your tankless water heater fails you might be out of hot water for a while as it gets repaired.

Tankless water heaters are also output challenged, meaning if you are doing multiple things that require hot water, such as laundry and taking a shower at the same time, it might be difficult for the tankless heater to keep up with your needs for hot water.

Which Should I Get?

In order to decide what is best for you, you need to evaluate your needs and see if a tankless water heater would be more beneficial to you. If you are often running hot water in multiple sources, a tankless system might not be the best for you. However, if your heated water needs are simple it might be the best choice.

Tankless water heaters do have a lot of added benefits over traditional water heaters. However, which water heater works best will depend on your needs.

Charlie Teschner started MESA Plumbing, Heating, and Cooling in 1982. Charlie has a journeyman and master plumber’s license. He was raised with a strong work ethic and he now applies those values to tasks such as Longmont, CO heating repair.