When the time for paying up the electricity bill comes up, you will surely notice that the amount of money you spend on heating water is roughly equal to a 30% of your total bill. This may get you to think to make a switch to an alternative way of ensuring the hot water supplies for your home. Some of the gas-fire tankess water heater providers tend to claim that their units will be able to cut the energy cost in half, but is this really true? This article is specifically designated to lay out the biggest advantages and disadvantages of the tankless water heaters in regard to their efficiency and will thus enable you to see if installing a tankless water heater is worth the investment.
Simple math regarding efficiency and its reflection on your electricity bill
Right of the bat, gas-based tankless heaters use high-powered burner systems in order to rapidly heat up the water because it runs through a heat exchanger. This leads to saving about 22% more compared to regular storage-tank models. This would result in a yearly savings of about 80$ on average. However, the problem is that those tankless water heaters are usually much more expensive than the regular ones and simple math suggests that you would break even after about 22 years of usage.
Common complaints and their effect on the total cost of the service
Another thing to consider is the fact that a lot of the customers are complaining about the fact that the temperature of the water is rather inconsistent. Despite the fact that the manufacturers pride their products as producers of endless streams of hot water, this turns out to be a big problem. The truth is that in spite of what is being advertised, tankless water heaters do not deliver hot water instantly. However, they do so almost instantly.
It takes time in order for the water to heat up to the target temperature and similarly to the regular storage water heaters the cold water that is in the pipes needs to get pushed out. Another significant downside is that because tankless water heaters utilize electric controls, you would undeniably lose hot water during electricity black out.
Now, let’s talk about how much this is going to cost you. The fact that water is not heating up properly in said conditions means that you would have to find a temporary alternative. You would have to use some other source of hot water, because your tankless water system wouldn’t be able to supply. This inevitably translates to higher energy bill. Another thing to consider is that tankless water heaters are generally produced to meet a determined demand. They are usually designed to ensure hot water for one or two simultaneous applications of hot water, so you would have to have some sort of main water heating system anyway.
Tankless water heaters are rather expensive to purchase
The simple truth is that they utilize relatively modern technology which inevitably leads to higher purchase price. Tankless water heaters are significantly more expensive than regular ones. And they also require a lot more maintenance. The repair work is also more pricey compared to regular storage-tanks.
The final calculation and conclusion of whether tankless water heaters are a worthy investment
When we weigh in the pros and cons that are in direct regard towards price formation, we would end somewhere in the middle. It is absolutely undeniable that tankless water heaters are more expensive, require a regular maintenance and have some disadvantages, but they also bring a lot to the table. Tankless water heaters provide hot water significantly faster. They utilize a lot less electricity to power up and run properly which will inevitably translate to lower electricity bills. So all in all, if you have decided to purchase this sort of solution for your hot water supplies, you shouldn’t be expecting to save loads of money at once. Also, if you are looking for the perfect product for your home, you can find a useful buying guide and reviews of the best tankless water heaters on the market on tanklesswaterheaterhub.com.
The truth is that after you calculate your initial expenses and compensate them with the money you are going to save from the lower electricity usage you are probably going to be sitting on almost the same bill you had before. It is a matter of preference.