The Benefits of Investing in a Tankless Water Heater

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Posted April 18, 2024

According to a recent report, the global tankless water heater market is growing by leaps and bounds right now. It’s expected to be worth almost $30 billion within the next 5 years.

It’s not difficult to see why. When you install an electric tankless water heater in your home, it’ll give you access to a wide range of benefits.

If you know you’re going to need a new water heater installed in your house soon, take the time to learn about the biggest benefits of going with a tankless electric water heater. It’ll shine a light on why you should take the leap of faith and choose a tankless water heater.

We’ve created a list of the many benefits of investing in a tankless water heater. Check it out below and keep it in mind the next time you need to buy a new water heater.

Easy to Install

Some homeowners are under the impression that installing a tankless water heater will force them to make lots of modifications to their houses. But this couldn’t be further from the truth.

When you install an electric tankless water heater, you will not usually need to have any new gas lines run throughout your home. You also won’t need to make dramatic changes to your plumbing system.

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All you’ll need to do is find a place to mount your tankless water heater on a wall with an electrical outlet nearby. A trusted plumbing company will be able to do this for you without a problem.

This plumbing company can install your tankless water heater and have it up and running in no time. It’s not going to put you in a position where you’ll have to make a huge investment at any point. All of this makes tankless water heaters more attractive options than other types of water heaters.

Very Energy Efficient

Traditional water heaters with tanks are not very energy efficient at all. Even small water heaters with tanks will have about 50 gallons of water in them at a time, and they’ll constantly have to turn on to keep this water warmed up. This can cause your energy bills to spike every month.

You won’t have to worry about a tankless water heater causing your energy bills to increase. It’s going to produce hot water for your home on demand, which will bring your energy bills crashing back down to earth.

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You might be surprised to see just how much money you’re able to save over the course of a year with a tankless water heater. It’ll be so much more efficient than a traditional water heater and will save you so much money because of it.

Saves Space

If you have a traditional water heater with a tank in your home now, you’re well aware of how much space it takes up. It likely consumes a large amount of space in either your basement or a utility closet.

If you would like to regain some of the space your water heater takes up now, purchasing a tankless water heater will do the trick. It’ll hang on a wall as opposed to being positioned in the middle of the floor. This will help you make better use of your basement or utility closet as you move forward.

You’ll also be able to get to a tankless water heater more easily than you would be able to get to a traditional water heater in many cases. You can hang it in a space that’ll make it convenient to access it whenever you might need to.

Lasts for a Long Time

Traditional water heaters with tanks are some of the hardest-working appliances in homes. As a result, most of them will only last for between 10 and 15 years before having to be replaced.

A tankless water heater will last for a whole lot longer than that. It’s not uncommon for these types of water heaters to hang around for 20 and sometimes even 25 years before they have to be replaced.

You will need to have a tankless water heater serviced from time to time to get the most life possible out of it. But as long as you do that, you shouldn’t have to be concerned about replacing one very often at all.

If you’ve had a string of bad luck with traditional water heaters and been forced to replace them early and often, you’ll appreciate what a tankless one brings to the table. It’ll provide you with peace of mind since you’ll know it’s not going to have to be replaced every decade.

Requires Very Little Maintenance

There are certain parts in a traditional water heater with a tank that will need to be maintained regularly. For example, the anode rod may have to be replaced every few years, if not sooner than that, to keep a water heater with a tank running.

A tankless water heater, on the other hand, isn’t going to have parts like an anode rod in it. Because of this, you’ll be able to cut down on how much water heater maintenance you’ll be required to do.

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There will, of course, be some maintenance that you’ll have to do to keep a tankless water heater around for a long time. Keeping the filter in it clean will be of the utmost importance.

But generally speaking, you’ll be able to get away with doing so much less maintenance to a tankless water heater than you’d have to do to other types of water heaters. It’ll make you glad you decided to buy one for your home.

Produces Plenty of Hot Water

Did you know there are many benefits of taking cold showers? Cold showers can help to reduce pain, improve circulation, and even lower stress. It’s why you might want to take a cold shower every now and then.

But you don’t want to get stuck taking cold showers every day. It’s going to make showering miserable and make you dread doing it.

Fortunately, your cold showers will be few and far between when you have a tankless water heater. This type of water heater won’t ever run out of hot water like other kinds of water heaters. It’s going to produce hot water on demand so that you don’t ever run out of it.

You could argue that this will be the single biggest benefit of buying a tankless water heater. You aren’t going to have to worry about having to jump in and out of a cold shower anymore unless you want to in order to soak up the benefits of doing it.

Helps Your Family Get Along Better

Do you and your family members get into arguments on an almost daily basis because of how long some of you stay in the shower? You’re not alone!

Many families who rely on traditional water heaters with tanks get into arguments all the time. They’re constantly running out of hot water, and it’s leaving certain family members to take cold showers.

Woman Taking a Cold Shower

You can bring these arguments to an immediate end with a tankless water heater. It’ll ensure that everyone in your home can get instant access to the hot water they want when they’re taking showers each day.

It’ll also ensure that your family members aren’t always fighting over who is going to shower first each day due to a lack of hot water. Everyone will be able to take a shower whenever they would like and guarantee that they can get access to hot water with ease.

Costs Less Than You May Think

For a long time, the argument against homeowners buying tankless water heaters has been the cost associated with them. People have been led to believe that tankless water heaters will put them in a position where they’ll have to spend a small fortune on water heater replacement.

You’ll get about twice as much life out of a tankless water heater compared to a traditional water heater. That will save you money when it comes to water heater installation.

You’ll also spend just a fraction of what you normally would on your energy bills when you have a tankless water heater. It’s yet another way in which one will save you money over time.

And as we just alluded to, a tankless water heater will call for you to do less maintenance than a traditional water tank will. It’s going to make a tankless option cheaper in the long run than other types of water heaters.

Serves as a Great Selling Feature

You might not be thinking about selling your home right now. But if there is even a small chance that you’ll sell it within the next 10 years or so, having a tankless water heater is going to help you unload it fast.

Tankless water heaters have turned into big selling features in homes. People love to see that they’ve already been installed in them when they’re thinking about purchasing homes.

People will appreciate that they won’t have to worry about replacing a tankless water heater after buying your home. They’ll also appreciate that this type of water heater isn’t going to need to be maintained all that much.

You should be able to fetch higher offers for your home when you go to sell it with features like a tankless water heater. People will line up to put their offers in once they see that you’ve taken the time to make such great improvements to your house.

Motivates You to Install Other Energy Efficient Appliances

Within just a few months of installing a tankless water heater in your home, you should see your energy bills drop dramatically. You might be blown away to see just how much money you’re able to save by having one installed.

Once you witness the big difference that a tankless water heater can make, it could very well motivate you to invest in other energy-efficient appliances. Before you know it, you’ll be shopping around for a more efficient refrigerator, washer and dryer, dishwasher, and more.

Installing a tankless water heater might also motivate you and your family members to rethink how much water you’re using in your home. Even though you’ll be able to get access to as much hot water as you want, you might start taking shorter showers, turning the water off when you brush your teeth, etc.

All it’ll take is the simple act of installing a tankless water heater to make you take a more eco-friendly approach to living. It won’t be long before you’re scaling back on how much energy and water you’re using across the board and saving your fair share of money because of it.

Contact Us to Install a Tankless Water Heater

Do you like the idea of having a tankless water heater installed in your home? We can help you get it done.

Technician Reviewing Tankless Water Heater with Woman

We can begin by walking you through some of the best tankless water heaters on the market today so that you can pick one out. From there, we can handle installing your new tankless water heater and show you how to maintain it. We can also come back to your home whenever it needs to be serviced.

Contact us today to get more information on tankless water heaters!

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