Have you ever stepped into the shower and expected the water to be hot but instead, you get cold water that feels like it came directly from a glacier?
One of the best ways to make sure that you always have access to hot water is by installing an insta-hot water heater. With installation, a standard tankless water heater can cost up to $3000.
Let’s take a closer look at instant water heaters and the varying cost of getting one.
Tankless Water Heater Vs. Traditional Water Heater
A traditional water heater heats the water in advance and stores it in a tank. The tank’s capacity can hold up to 30 to 50 gallons of water. Once the water gets heated, you can use it till it finishes, and then the tank refills automatically.
On the other hand, a tankless water heater uses gas or electricity to heat the water in real-time. So as soon as you turn the tap on, you instantly get hot water.
Electric Heater or Gas Heater?
The price of your instant water heater depends on the type you get: an electric model or the gas model. An electric model can cost between $500 and $700, while a gas heater can cost anywhere between $1000 and $1200. As for the installation cost, the device and retrofitting hooks can cost an additional $1000 to $2000, depending on the required amount of work.
Gas models are more expensive to install compared to the electric options because it requires a safe ventilation system. The utility cost of the device depends on the area rates – gas is usually less expensive than electricity; however, you have to pay an annual maintenance fee for gas heaters while there are no additional costs for the electric one.
Electric tankless water heaters have no carbon footprint as they produce no greenhouse gases making them a greener alternative to gas water heaters.
Benefits of Tankless Water Heater
A tankless water heater uses up to 50% less energy than traditional water heaters, saving at least $100 a year on heating costs.
The best thing about tankless water heaters is that you will never run out of hot water as it heats the water at the source. A tankless heater is also more compact in size and takes much less space compared to traditional heaters. You can install the tankless water heater in the basement, or garage, attic, or even outdoors. The lifespan of a tankless water heater is up to 20 years.
For more information regarding an instant hot water heater, visit our website and contact A-Team Plumbing today !