Aquarius Water Conditioning Blog
Are Tankless Water Heaters Worth The Investment?
December 30th, 2019 Aquarius Blog
Today, customers in Minnesota and Wisconsin are seeking energy-efficient water heating systems for their homes. New tankless water heaters heat water at tap level and can prove to be a good investment for many households. Read on to decide if a tankless water heater is right for you.
How Tankless Water Heaters Work
The introduction of tankless water heaters generated a lot of initial enthusiasm since this technology does offer long term energy savings. Property owners don’t pay to produce large volumes of unused hot water. Yet our customers sometimes wonder whether conservation always justifies the higher initial cost of these products?
Customers don’t need to pay for the electricity or gas required to heat a huge water tank. Most tankless units fit snugly under sinks or against walls. They heat water directly before it leaves the faucet, resulting in lower utility bills over the long term.
A Great Multi-Unit Solution
Customers who own apartment buildings or motels sometimes discover significant benefits in installing this technology. First, tankless units require less space than conventional large tanks. When realty square footage proves expensive, these units often pay for themselves. Second, since a tankless water heater warms water shortly before it flows from the tap, the installation of these units minimizes energy waste. Over time, the use of multiple large water tanks in an apartment complex or a busy hotel adds up.
Tankless water heaters help prevent residents from running out of hot water while conserving money in the long term. These units tend to last longer than conventional sizeable hot water tanks (in some cases operating for up to 20 or 25 years rather than 8 to 10 years). This longer anticipated lifespan may offset the drawback of the significantly higher product cost.
Not Ideal For Everyone
Yet not every customer finds tankless units cost-effective. First, installation sometimes necessitates expensive infrastructure changes to modify the plumbing system. This expense occurs in addition to other costs. Second, while tankless units lower utility bills over time, with average savings of $100 annually, today many families relocate frequently. Some homeowners never recoup their initial investment.
Contact Aquarius Home Services for water tank and plumbing assistance. We serve customers across the Twin Cities and in many parts of Wisconsin. Contact 888-741-9025 for help!