TANKLESS WATER HEATER

NO STANDBY COSTS

A major selling point for tankless water heater installation is that no energy is wasted in standby mode, when units boost electricity bills by reheating unused water over and over again. This is quite unnecessary at night when everyone is asleep, or in a house that is empty during the day.

OPTIMIZED ENERGY USE WITH TANKLESS WATER HEATERS

For a family of up to five people with average water consumption levels, the recommended capacity for a residential tankless water heater installation is fifty gallons, rising to 75 gallons for heavy users. These figures are based on eight minute showers using ten gallons of hot water; washing machine loads using seven gallons of hot water; and dishwasher loads using six gallons of hot water.

For smaller or thriftier households using under 40 gallons of hot water a day, tankless water heater installation costs are rapidly offset by fewer tankless water heater repairs and lower utility bills, as they may be up to a third more energy-efficient than regular water heaters. Even for heavier water consumers using up to ninety gallons a day, tankless heaters can still be up to 14% more energy-efficient than tank systems, with lower tankless water heater maintenance fees.

LONGER LIFESPAN

With a working life of up to twenty years and up, tankless water heater installation costs are a third, compared to traditional tank systems that last only 6-8 years. And with a simpler structure that is easy to access, tankless water heater repairs are also faster, cheaper and much less messy.

LOWER MONTHLY OUTLAYS

Despite higher tankless water heater installation costs, these compact systems are over 20% more efficient than their standard counterparts, with single-room or whole-house sized models responding to individual needs. Particularly for heavy users, these monthly savings can add up to hundreds of dollars a year.

NO WASTED SPACE

For smaller homes and apartments with compact bathrooms and kitchens, tankless water heater installation is the smartest choice for saving valuable floor space. Much smaller than bulky water storage models, installers usually mount these efficient units on a wall in the basement or some other inconspicuous corner. This ensures instant access for fast tankless water heater repair and easy tankless water heater maintenance.

CHOOSE BETWEEN GAS OR ELECTRICITY

Although often fueled by natural gas, tankless water heater installation costs may be prohibitively high, if gas lines need to be run or rerouted. This is where an electric model may well be the best option or a Hybrid water heater. Fast and easy to install and replace, virtually no tankless water heater maintenance is needed other than flushing. As a third option with an added advantage, propane-fired tankless water heaters can be used both indoors and outdoors, as preferred depending on climate.

LONGER WARRANTIES

Because of their longer working lives of up to twenty years, tankless water heaters have correspondingly longer warranties. This means that homeowners rarely foot the bills for tankless water heater repairs, if anything goes wrong with their equipment.

FINANCIAL INCENTIVES

As they are so efficient, a tankless water heater installation may qualify for government tax breaks and incentives, local energy suppliers offer rebates that help offset higher initial costs:

• Federal tax credits: Since December 2016, a 10% tax credit helps offset tankless water heater installation costs for budget -wise homeowners. This benefit is also available for traditional storage heaters certified under the Energy Star program.
• Local Energy supplier credits / rebates
• Regular financing
• PACE financing: Cash-strapped homeowners can finance their tankless water heater installation through their local PACE programs, with no down payment. These upgrades are paid off over time as an extra line on their annual property tax bill.