As is the case with so many “this or that” plumbing related questions, the only answer we can really give right off the bat is: maybe. Yes, tankless water heaters have a lot going for them. However, there are also many reasons why tank water heaters are still so popular. Think about it this way—if one system were truly superior to the other in every way, and was always the best choice for any given situation, then there wouldn’t be different systems to choose from to begin with!
So, let’s a take a deeper look into one specific point of consideration when the time comes to buy a new water heater or to replace an old one: cost. You don’t need to do much in the way of research to discover that, yes, tankless water heaters do cost more than tank systems. In fact, the difference in cost is substantial enough to drive some homeowners away from considering tankless water heaters right away. We urge you to hold off until you’ve made a few more considerations, though, because a tankless water heater in Corona, CA can still make a lot of sense.
A Water Heater Is a Long Term Investment
When you buy a major appliance like a water heater, one that represents a serious financial investment, you are not thinking in the short term. You want to make sure that you get the very best performance possible from this water heater for the longest timespan possible. That is why you schedule routine water heater maintenance, change anode rods, etc.
It is also why you should be seriously considering a tankless water heater.
Simply put, tankless water heaters last longer than tank models do. While a good tank water heater is going to last somewhere in the 12 year range, a tankless water heater will likely double that lifespan, often hanging in there for a quarter of a century! So, yes, you’re paying more up front. However, if you plan to stay in your home for a long time, you’ll be using that tankless water heater for literally decades.
A Tankless Water Heater Offers Great Long-Term Returns
If you have an appliance that lasts a very long time, it’s not really much of a benefit if it costs you a fortune to operate, right? That’s not going to be the case with a tankless water heater, though. These systems are renowned not just for their long lifespans, but also for their incredible energy efficiency. They do away with hot water storage entirely, meaning that they don’t have to reheat water as it cools down. The elimination of this standby energy loss means better efficiency.
And, when you pair that level of energy efficiency with the long lifespan of tankless water heaters, you start to see where the long term returns come into play. Is a tankless water heater right for every home? No. If you think it will suit your needs and the demands of your household, however, you can really save some money over time as you enjoy the other benefits that going tankless has to offer.