If you’re considering upgrading your home’s water heater, you’ve likely heard about tankless water heaters. These modern systems are becoming increasingly popular for their energy efficiency and convenience. But are they worth the cost?
Cost factor
When comparing the costs of tankless water heaters to traditional hot water heater tanks, there are several factors to consider, including purchase price, installation, maintenance and long-term savings. Here’s how they stack up:
- Purchase Price
Tankless Water Heater: $500 – $2,500, depending on size, brand and features.
Traditional Water Heater Tank: $300 – $1,500, depending on size and efficiency rating.
Key Difference: Tankless water heaters typically cost more upfront due to their advanced technology and energy efficiency.
- Installation Costs
Tankless Water Heater: $1,000 – $3,000. Installation can be more expensive because it often requires upgrades to gas lines, electrical systems, and venting to meet the specific needs of the unit.
Traditional Water Heater Tank: $500 – $1,500. Installation is generally simpler and less costly since it doesn’t usually require significant upgrades.
Key Difference: Tankless systems have higher installation costs due to their complexity.
- Maintenance Costs
Tankless Water Heater: $100 – $200 annually for regular descaling and flushing to prevent mineral buildup, especially in areas with hard water.
Traditional Water Heater Tank: $50 – $150 annually. Maintenance is less frequent but may involve flushing the tank and checking the anode rod to prevent corrosion.
Key Difference: Tankless systems require more frequent maintenance, but their lifespan offsets this cost.
- Lifespan
Tankless Water Heater: 20 or more years with proper maintenance.
Traditional Water Heater Tank: 8–12 years.
Key Difference: Tankless systems last nearly twice as long, making them a better long-term investment.
- Energy Efficiency and Long-Term Savings
Tankless Water Heater: Highly energy-efficient, as they only heat water on demand, reducing standby energy loss. This can save homeowners $80 – $100 annually on energy bills.
Traditional Water Heater Tank: Less efficient due to standby heat loss, as the tank continuously heats water to maintain a set temperature.
Key Difference: Tankless systems have higher upfront costs but lead to significant energy savings over time.
- Overall Costs Over 20 Years
Tankless Water Heater: Higher upfront costs but lower energy and replacement costs. Over 20 years, the total cost (including purchase, installation, maintenance, and energy) can range from $6,000 – $10,000.
Traditional Water Heater Tank: Lower upfront costs but higher energy and replacement costs. Over 20 years, the total cost can range from $5,000 – $8,000, depending on energy usage and replacements needed.
Key Takeaway: While tankless water heaters are more expensive initially, their energy efficiency, longer lifespan, and reduced replacement costs make them a worthwhile investment for some homeowners.
Why hire a licensed plumber for installation and maintenance?
Installing or maintaining a tankless water heater is not a DIY project. Here’s why hiring a licensed plumber is essential:
Proper Installation: Tankless water heaters require precise installation to function correctly. A licensed plumber ensures the unit is installed according to the manufacturer’s specifications and local building codes.
Gas and Electrical Safety: Many tankless systems require upgraded gas lines or electrical wiring. A licensed plumber has the expertise to handle these modifications safely, reducing the risk of leaks or electrical hazards.
Venting Requirements: Proper venting is crucial for tankless water heaters to prevent harmful gases from accumulating in your home. A professional plumber ensures the venting system is installed correctly and safely.
Warranty Protection: Many manufacturers require professional installation to maintain the warranty. Hiring a licensed plumber protects your investment and ensures you’re covered if issues arise.
Long-Term Performance: Regular maintenance by a licensed plumber keeps your tankless water heater running efficiently and extends its lifespan.
Call Plumbers 911 today!
When it comes to installation and maintenance of either a traditional hot water heater tank or a tankless unit, trust the professionals at Plumbers 911.
Our network of local, licensed, bonded and insured plumbing contractors employ highly trained plumbers who will expertly install and maintain your hot water heater. These plumbers receive over 10,000 hours of training and can help you select the type of unit that makes the most sense for your particular situation.
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