The Pros & Cons of Tankless Water Heaters

Tankless water heaters, also known as on-demand water heaters, are very popular with forward-thinking homeowners, and for a good reason. Although tankless water heaters have the potential to be a significant investment, it may not be the right choice for everyone’s needs. At Hutchinson, the leading heating repair company near Philadelphia, we recommend both homeowners or soon-to-be homeowners, to take a look at some of the pros and cons when you’re considering tankless water heater installation.

Pros of Installing a Tankless Water Heater:

  1. Increased energy efficiency, which will potentially lower operating costs than traditional water heaters.
  2. Eco-friendly, as a tankless water heater uses less power to heat water.
  3. Longer lifespan and included warranty versus a traditional storage water heater.
  4. Unlimited amounts of hot water.
  5. Increased property value, since sellers can typically ask for higher prices when putting their homes on the market (since the buyer will experience lowered utility bills.)
  6. Less space required, ideal for smaller homes.
  7. Reduced risk of water damage, due to a lack of water storage.

Cons of a Tankless Water Heater:

  1. Expensive initial costs (installation and unit purchase)
  2. Homes may not be ready to support a tankless water heater and may require costly rewiring.
  3. The possibility of not fully paying for themselves before their active working life is over.
  4. Models with electric components will not be able to provide any hot water during power outages (although tank-equipped electric heaters will contain an initial reserve).
  5. Limited to the amounts of hot water available at any given time, since they can only handle a few gallons at once.
  6. Homeowners may experience slight delays in hot water flow.

Are you still unsure if a tankless water heater is the right choice for your home? Hutchinson is here to help! If you’re in the South Jersey or Philadelphia area, give us a call today at 866-953-8728 or click here to schedule a consultation. No task is too big or small for our heating repair and installation technicians near Bucks County, PA. We’re here for you 24/7 and can’t wait to get you on your way to a happier, warmer home!