How a Tankless Water Heater Works
If you are considering purchasing a tankless hot water heater for your home, there are some things you need to consider before making a purchase. A standard water heater holds a certain number of gallons of water for your home usage. When hot water is called for by turning on a faucet or running your washing machine, for example, the hot water stored in the tank is released and runs through your home’s pipes to the source calling for water. At the same time, cold water enters the bottom of the storage tank and is heated either by an electric element or a gas burner.
A tankless hot water heater gives you the benefit of never having to worry about your hot water supply running out. It also increases your home comfort by producing as much hot water as is needed for any of your household’s needs. This guide will help you quickly determine if a tankless model is right for you so that you can enjoy the advantages of this energy-efficient alternative.
Purchase, Installation, and Running Costs
The cost of purchasing a hot water heater may be a deciding factor in whether or not you switch to a tankless system. A new 40-gallon hot water heater can cost between $500-$900, with an average cost of $550. When replacing a standard unit with one that is more efficient, costs can range from $1000-$2500, but average around $1400. A tankless hot water heater is more expensive when first purchased, ranging from $2000-$4500, with an average purchase price of $3400. However, the energy savings from using this type compared to standard storage units make it worth the investment.
In Conclusion
If you’re replacing your existing hot water heater and there is the option of a tank type or tankless, it’s important to understand the costs and benefits of each before making a final decision. In general, both systems are costly to install, but tankless systems save energy and money in the long run compared with standard tank-type models.
Considering a tankless water heater but not sure where to start? Contact us today! We are tankless water heater experts in Vista, North County.
