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Pros and Cons of a Tankless Water Heater

tankless water heater illustration

Many homeowners don't realize that when it comes to water heaters, there's more than one option. Though the traditional tank unit is what most go with, a tankless unit it's becoming more popular, especially in smaller homes. Though this might be an efficient, affordable option for many homeowners, it's not always the best option for all. To decide if you should make the switch to a tankless water heater, here are some pros and cons of this upgrade:

Pro: it Takes Up Less Space

If your water heater is in an area of used space, such as a finished basement, it might be taking up a much-needed area that could be used for other things. When you switch to a tankless unit, you can place it on the wall virtually taking up less space than your tank has in the past. For some homeowners, this could mean unstacking a washer and dryer or having more storage space in their pantry.

Con: Higher Initial Cost

Just like any upgrade, the switch to tankless will have an initial higher cost. If you're on a tight budget right now, this could sway you to hold off until you can make the jump. However, though it is a higher initial cost, you will see savings in the future with less water and energy waste.

Pro: Lower Month to Month Cost

Because a tankless unit only uses water on demand, instead of storing it and heating it like the traditional unit, the water is only heated when needed. This decreases your energy and water waste, ultimately lowering your bill.

Additionally, tankless water heaters provide endless hot water, they have double the lifespan, and both gas and electric models are available.

Looking to make the switch to a tankless unit, or simply need a new water heater or repair? We can help you find the best option for you. Contact, Tri-City Appliance, today!