Is a Tankless Water Heater Worth the Investment?

When the time comes to invest in a new piece of equipment for your home, it's only natural to be determined to get the best possible value for money. After all, these are expensive pieces of equipment which will be in your home for years or even decades. While expensive doesn't always mean better, it is often true that you get what you pay for. Tankless water heaters are one of the best examples of this.

Benefits of a Tankless Water Heater for Las Vegas Homeowners

One of the first things you will notice about tankless heater options is that they tend to be more expensive than tank models. This puts many people off of buying them, understandably, but it's one of the few drawbacks to a system that has many benefits for Las Vegas homeowners.

Improved Lifespan

First and foremost, you get more from a tankless system - literally. While the lifespan on a tank model heater is around 12 to 14 years, depending if it is well-maintained, the lifespan of a tankless system is 20 years on average. When you spread the extra cost over those years, it's not actually much more per year than a tank model system.

Convenience

If you have limited storage space in your home, a tankless system really is the best choice for you because they are compact in size. They can easily be tucked away in a small utility closet or mounted on a wall to save extra space.

Energy Efficiency

Tankless water heaters are far more energy-efficient than tank model systems because they do not store water. Even the best-insulated tank model heater is going to lose heat while on standby. This means that it must reheat water that it has already spent energy heating before. Tankless systems do not store water but rather heat on demand, making them more efficient.

Long-Term Savings

The cost of tankless water heater installation may be higher than the cost of installing a tank-based system, however, they offer long-term savings to offset this. The combination of a longer lifespan and increased energy efficiency means that once the initial cost has been dealt with, your monthly bills are likely to be lower.

The Drawbacks

Cost aside, there are few downsides to installing a tankless system. The most obvious is that older homes may be incompatible with this technology. If your home needs to be renovated in order to benefit from a tankless system, then the time and cost required to have it installed increases exponentially.

Is it Really Justified?

This is a question that only you can answer. When you are on a limited budget it can be hard to justify deliberately going for a more expensive option. Nonetheless, tankless water heaters are the superior choice for Las Vegas homes who want to save space, time, and money in the long-run. So, take your time to asses all the available options as well as your budget. If you are seeking professional opinion or have any questions about tankless water heaters, you can always contact us at Rebel Refrigeration by calling (702) 734-7750 or sending us a message here.