Tankless Electric Water Heater

Tankless Electric Water Heaters Are Very Popular With Homeowners

Tankless electric water heaters are one of your options. There are gas models available, too. It depends on what your needs are in terms of your household and what outfits your space best. If you are searching out the best water heater for your home, you might be interesting in knowing the benefits of going tankless. You are likely aware of some of the advantages, but there is more to know. There are the cons, too, so keep in mind the following advice as you search out electric tankless water heaters.

Did you know that your new water heater is possibly going to use about half as much energy as your current water heater? That's an impressive statistic to lead off with, isn't it? At the least, you're going to be looking at about 30 percent less energy used. That's still an impressive number and a reduction in how much you pay for your electric bill each and every month.

Yet we might as well mix in the cons at this point. One of the cons of a tankless electric water heater is that it's going to cost you extra money to have installed to begin with. In other words, if you have to replace your water heater soon, you're going to pay significantly more up front for a tankless system to be installed than you would a traditional water heater. That doesn't negate the savings though, as they still help you pay less each month on your electric bill.

You would naturally want to know what the difference in cost would be. Then you would want to do the math concerning the savings you would get each month over the course of the life of the new water heater. How long does a tankless system last? Water heaters in general last for years and years, so you're going to be calculating quite a huge savings.

If you don't feel like doing the math, and you want the simple answer, you're essentially going to save about $100 a year or a little more. Now that might not sound like much right away, but consider how it will add up over the years to erase the difference you paid for the system. Plus you have to remember the other benefits of having a tankless electric water heater.

These water heaters represent an energy efficient upgrade. Therefore, you are increasing the value of your home, and you are also helping the environment. Group this upgrade with other energy efficient upgrades, and you will continue to save on your monthly energy costs, too. Yes, energy efficiency requires an initial investment, but it pays dividends.

Understand though that these tankless systems don't provide water to more than one area of your home at once. You will have to realize that as you make use of hot water in your home. The hot water is instant, however, and it just has to do with how the system functions. It is a high-tech water heater, so you're not making a sacrifice there in terms of modernity. You're getting the best available product, and that's going to be beneficial to you.

Your next step is to price the electric tankless water heaters, and then you can also get a quote for installation. Don't think that this is a job you're going to do, as you will need the professionals to handle it for you. Add up the installation quote and price for the tankless system, and see if it's the route you want to take. Many homeowners out there are taking the leap, as it's an energy efficient upgrade that makes sense.