Hot water is one of the many things that let us enjoy an easier life. We can easily take showers, do laundry, or wash dishes. However, there are several ways you can get hot water; one of the most popular ways is through a tankless water heater. These water heaters are known for reducing energy usage and taking up minimal space, and installation is a breeze for professionals. Here are a few things to consider that will help you decide if you need a water heater with or without a tank.

The Size of Your Family

Tankless water heaters don’t have a reservoir to store hot water like tanks. Instead, they continuously heat water as it passes through a heating element. That’s why homeowners with tankless water heaters never run out of hot water. This makes the tankless version ideal for anyone with a large family because everyone can enjoy a hot shower at the end of the day.

Available Space

A tankless water heater takes up limited space compared to the ones with a tank. The flat style design makes them easy to mount on a wall inside a closet or basement. This makes it a great idea if you have limited space. You won’t have to navigate around a large tank to utilize storage space in your basement.

Cost

As always, take a moment to consider your budget for a water heater. A tankless one will be more expensive in the short term than one with a tank. However, you’ll save money on your energy bill and future repairs, and you won’t need to replace it as soon. It’s important to consider how much money you have to spend initially and how much you’ll be willing to pay in the future.

Lifespan

Tankless water heaters will last significantly longer than a heater with a tank. According to the U.S. Department of Energy, most tankless heaters will last over 20 years. On the other hand, cheaper water heaters may need to be replaced more often. If you plan on selling your house in a few years, you’ll get a more significant return on your investment on a tankless one because of its long lifespan.

Repair Frequency

Tankless water heaters are known for helping homeowners save money on repairs because they don't have as many components as a tank-style heater; therefore, there's a reduced risk of those components breaking. There isn't a tank, so you won’t have to worry about the sediment settling into the bottom of the tank. You also won’t have to worry about corrosion due to standing water.

Energy Efficiency

A tankless water heater will instantly help you save money on your water and energy bills because they only heat the water you use. They don’t have a tank full of hot water that has to be reheated, which wastes energy continuously. When homeowners purchase a tankless heater, they'll instantly enjoy reduced energy usage; plus, you'll be choosing the more environmentally friendly option. Keep in mind that you can even enjoy 50% energy savings if you install a tankless water heater at every location where you use hot water, states Forbes.

Property Value

Investing in a tankless heater is a great way to increase your property value over time because your house will be more energy efficient. This helps homeowners enjoy a higher return on their investment. Plus, you can sell your home faster if you put it on the market in the future. Importantly, potential buyers are likelier to spend more on a home with energy-efficient features. In fact, a Zillow study found that houses with tankless water heaters ended up selling for 4% more than their expected value.

Are you ready to get a new water heater installed in your home? Here at Plumb Fit, we offer years of experience in selling, repairing, and installing tankless, electric, and gas water heaters. Our experienced professionals will work with you to ensure you pick the best option for your home. However, that’s not all we do. We also provide plumbing, repiping, sewer, drain, toilet replacement and repair, and fixture upgrade services. Are you getting your bathroom remodeled? We can repipe your beautiful space with ease! Contact us for more information today. We look forward to hearing from you.