If you are considering upgrading your water heating system, a tankless water heater may be the perfect option for you. Tankless water heaters have numerous benefits over traditional tank-style water heaters, including energy efficiency, space-saving design, and longer lifespan. However, before making the switch, there are a few important considerations to keep in mind to ensure that your investment is worth it.
Determine your home's hot water demand
The first thing to consider when installing a tankless water heater is the hot water demand of your household. Tankless water heaters are designed to heat water on demand, which means that they must have the capacity to supply enough hot water for all of your household's needs. To determine your hot water demand, you will need to consider the number of people in your household, their typical hot water usage, and the number of fixtures in your home that require hot water.
Once you have determined your hot water demand, you can choose a tankless water heater that is appropriately sized for your household's needs. It is essential to choose a correctly sized unit because an undersized tankless water heater will struggle to keep up with your hot water demand, while an oversized unit will waste energy and cost more money to operate.
Consider the installation cost
Another essential consideration when installing a tankless water heater is the installation cost. While tankless water heaters are generally more energy-efficient than traditional tank-style water heaters, they do come with a higher upfront cost. In addition to the cost of the unit itself, you will also need to factor in the cost of installation.
The cost of installing a tankless water heater will depend on a variety of factors, including the size of the unit, the complexity of the installation, and the cost of labor in your area. On average, the cost of installing a tankless water heater ranges from $1,500 to $3,500. While this may seem like a significant investment, the energy savings and longer lifespan of a tankless water heater can make it a worthwhile investment in the long run.
Choose the right fuel source
Finally, when installing a tankless water heater, it is important to choose the right fuel source. Tankless water heaters can be powered by natural gas, propane, or electricity, and the fuel source you choose will impact the installation cost, operating cost, and performance of your unit.
Natural gas is the most common fuel source for tankless water heaters, as it is typically the most affordable and efficient option. However, if you do not have access to natural gas in your area, propane or electricity may be a better option for you. Propane-powered tankless water heaters are a great alternative to natural gas, but they can be more expensive to operate. Electric tankless water heaters are generally less expensive to install, but they may have a higher operating cost.
In conclusion, installing a tankless water heater can be an excellent investment for homeowners looking to save energy and money in the long run. However, before making the switch, it is important to consider your household's hot water demand, the installation cost, and the fuel source that will work best for you. With these factors in mind, you can choose a tankless water heater that will provide reliable hot water for your household for years to come.
Average cost of the project
The cost of installing a tankless water heater ranges from $1,500 to $3,500.