The Pros And Cons Of Installing A Tankless Water Heating System

If you're in the market for a new water heating system, you've undoubtedly heard about the relatively new tankless systems. While such systems often save energy, they aren't necessarily the right choice for every homeowner. It's wise to weigh the pros and cons of such a system before you invest.

Advantages of a tankless water heating system

1. Saves energy. Because a tankless system doesn't keep a tank full of hot water ready 24/7, it uses less energy. The U.S. Department of Energy estimates that the average household will save $100 per year by converting from a water tank to a tankless water heating system.

2. Lasts longer. The Department of Energy also advises that tankless systems tend to last longer, an average of 20 years, compared to 10 to 15 years for a traditional water tank.

3. Less cumbersome. A tankless water heating system is about the size of a medium suitcase and hangs on the wall, taking up a lot less floor space than a traditional water tank. In addition, since there is much less risk of a major water leak, a tankless system can be situated anywhere in the house. It doesn't have to be installed in the basement or lower level.

4. Unlimited hot water. Since a tankless water heating system heats water on demand via a system of super-heated coils, you'll never run out of hot water as you can with a traditional water tank.

Reasons to stick with a traditional water tank system

1. Initial cost. The initial cost of a tankless system and the cost of installing it are the chief disadvantages to such a system. According to "Consumer Reports" magazine, the average tankless system costs between $800 and $1,150, plus an additional $1,200 to have the system installed. This compares to an initial cost of between $300 and $800 for a traditional water tank and $300 for installation.

2. Handles multiple demands more efficiently. Tankless water heating systems function best when no more than two demands are made on the system at the same time. If your household typically has one person doing laundry, one person in the shower and a third washing dishes, this probably isn't the right type of water heating system for your family.

While a tankless water heating system is not necessarily the right choice for every family and every home, this type of system offers unlimited hot water, saves energy and can save you on your monthly utility bills. If you're interested in one, contact a water heater installation professional.