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6 Things to Consider Before Installing a Tankless Water Heater

6 Things to Consider Before Installing a Tankless Water Heater

Are you in the market for a new water heater? Are you thinking about going tankless? If your answer is yes, then you have probably heard about its energy-saving features. But, before you run out and buy one, make sure you know the facts as there’s a lot more to know. Here are six things about tankless water heaters to consider before installation.

Initial Cost

Money

    Image via Flickr by 401(k) 2013

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    One of the first things to consider when comparing traditional water heaters with tankless water heaters is their difference in cost. Prices range anywhere from the low $200s to over $3,000, and that does not include installation costs. Plus, you get what you pay for — don’t expect a $200 tankless water heater to supply enough hot water for a large home quickly.

    Multitasking

    Tankless water heaters are ideal for homes that do not need multiple hot water sources running at the same time. If you want to multitask with a tankless water heater, consider purchasing a larger unit to make sure there is enough hot water to meet your needs. Additionally, be aware that water temperatures may fluctuate as the heating coils keep up with the output of water.

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    Storage Tank Option

    Although many people like tankless water heaters because of their lack of tank, it is important to consider whether you want a water storage tank. If you like having instantaneous hot water, or you plan on multitasking, you will want to think about adding a storage tank. Storage tanks vary in size and accommodate a range of needs.

    Energy-Saving

    It is only natural to want to save money, and Energy Star statistics state that a tankless water heater will save you an average of $95 per year compared to an energy-saving conventional water heater that can save you $20 per year. Although that may not seem like a large savings, it amounts to approximately $1,500 more saved over a lifetime.

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    Space Saving

    A newer trend among builders and homeowners is to maximize every square foot of a home. Not that there was a ton of wasted space in the past, but spaces such as under the stairs, utility closets, and garage space are now optimized for use. A standard water heater requires several square feet of space both in diameter and in height for it to exist. However, a tankless water heater is wall mounted and leaves plenty of room for you to use the extra space for storage or other utility. Plus, if you are looking to sell your home and you have a tankless water heater, you have more usable space, which increases the value of your home.

    Repairs

    Tankless water heaters have many more parts than traditional water heaters. What does this mean? There is the potential for more repairs and thus more repair costs. You may say “that’s no big deal because the warranty will cover it,” but are you sure? Many companies are not offering warranties on these products because they haven’t been around long enough to know how long they will last, and many manufacturers are out of business before a repair is needed.

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    So ask yourself, “Am I going to save more money in energy savings than I am going to spend on repairs?” If the answer is yes, great. If the answer is no, then you have to base your tankless water heater decision on the other factors.

    As you can see, there is a lot to consider when choosing whether to install a tankless water heater. Don’t make this decision based on product hype — know the facts, and base your decision on what is best for your home.

    Featured photo credit: Image via Flickr by 401(k) 2013 via flickr.com

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    Last Updated on August 15, 2018

    30 Fun Things You Can Do This Summer Without Spending Much

    30 Fun Things You Can Do This Summer Without Spending Much

    Summertime can be a real strain on your wallet. The sun is out, there are people to see, places to be; it’s no wonder you might be short of funds during these sunny months. Not everything has to cost you an arm and a leg.

    Take some time to go through this list of 20 cheap summer activities and make some realistic goals to complete as many as you can.

    Video Summary

    1. Visit a strawberry festival

    Summer is prime time for tasting strawberries. More often than not, an area that grows strawberries will have a strawberry festival. Indulge yourself in strawberry pies, jams, cakes and more!

    2. Have a picnic

    Take your partner or your family to the local park and enjoy a relaxing picnic. Designate each person to bring one food item of their choice to add to the fun.

    3. Camp in your back yard

      The summer heat can sometimes make it hard to sleep. Why not enjoy the heat outside in the yard? Pitch a tent or gaze into the night sky.

      4. Take long walks

      Discover something new where you live. Take the afternoon off from your chores and go for a long walk. You may be surprised by what you discover.

      5. Break a world record

      Breaking a world record doesn’t have to be time-consuming. You could even break one on your lunch hour. Give it a go!

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      6. Go on a bike ride

      The number of bike paths on roads in big cities has increased dramatically over the years. Take advantage, and enjoy the summer breeze.

      7. Join a gym class

        The gym is not everyone’s idea of a good time, but why not go with a friend a join a class? Spinning, yoga and step classes are always more fun with friends, and a lot of gyms allow you to pay-as-you-go.

        8. Find a new hobby

        The summer is the perfect time to find a new hobby. Serotonin (our body’s natural “happy” hormone) is produced by the sunshine and will be at a yearly high, which is great for when we want to tackle something new.

        9. Join a sports team

        Not all sports teams are competitive and require huge amounts of your time. Join in the fun with like-minded people, get fit, stay healthy and make some friends along the way.

        10. Make a slip ‘n slide

          Gather your friends, some plastic sheeting, a hose, washing up liquid if desired, and make a huge slip ‘n slide just like these guys. Granted, yours won’t be as big, but you get the idea… it’s fun!

          11. Make a treasure hunt for your kids

          Today’s digital world sees our children more often than not playing inside than outside. Why not create a sense of adventure by making a treasure hunt? Only rule? It has to be outside.

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          12. Visit a free festival

          Towns and cities are awash with free festivals, with themes from film to science. Scout your local area and discover something new.

          13. Visit the zoo

            Let’s face it: we love animals. While browsing news websites and social media networks you’re bound to come across a few pictures of cats. Take a trip to your local zoo for a better experience.

            14. Take a road trip

            Enjoy the open road with a few friends and take a road trip somewhere–anywhere. Just go out and enjoy the sunshine!

            15. Play ultimate frisbee in the park

              Frisbee is always great fun down the park, but why not turn it into more of a competitive sport by playing ultimate frisbee?

              16. Make your own ice cream

              Ice cream is a very versatile dessert. Make a sandwich, enjoy a cone, or simply just enjoy a bowl full. Better yet, making your own ice cream allows you to create any flavor you want.

              17. Invite your neighbors over for a BBQ

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                When was the last time you invited your neighbors over? Do you even know them? Now’s your chance. Just ask each person to bring a food item so costs don’t mount up for you.

                18. Get a summer job

                For many students, summer is the time for relaxation and fun. But who said earning money and being productive isn’t fun? You only get out what you put into a situation.

                19. Attend a charity event

                Attending a charity event is a great way to raise funds and awareness for a cause, meet new people, and generally have a good time. Search for your local charity event today.

                20. Visit a national park

                National parks are a great way to explore nature and learn something new. You could even volunteer and make a difference in helping restore natural habitats.

                21. Visit your local comedy club

                  Local comedy clubs are extremely underrated. They are cheap to attend and no doubt you’ll have a barrel of laughs.

                  22. Make your own hammock

                    Hammocks are very relaxing, are perfect for summer afternoons and are surprisingly easy to make.

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                    23. Read in your new hammock

                    Now you have your very own hammock, the only thing left to do is enjoy it. Grab your favorite book and read to your heart’s content.

                    24. Watch a movie outside

                    Movies are great. Relaxing outside in the evening is great. Put them together and you’ve got a perfect combination. In D.C, Maryland and Virginia this summer, for example, you can enjoy a huge number of movies outside.

                    25. Take a hike

                      Hikes are a great way to keep fit and see more of Mother Nature. There are countless trails available for you to explore. Why not try some this summer?

                      26. Learn how to fly a kite

                      As a child, you probably had a kite and haven’t touched it since. Why not dust it off and attempt to fly it? It’s tricky, but well worth the challenge.

                      27. Work out at the park

                      American cities are full of parks with ample space for a work out session. No doubt you’ll be happier to work out in the sun rather than a crowded gym.

                      28. Take your dog to the beach

                        One of the many joys of owning a dog is taking him or her for long walks during the summertime. This joy is enhanced when visiting the beach, for both you and your dog.

                        29. Make a summer smoothie

                        Healthy, delicious and perfect for the summer. Not only that, there are countless recipes ready for you to try.

                        30. Attend a free yoga session at the beach

                        No experience needed and all skill levels are welcome. Take yourself and a buddy down to the beach and try some yoga. You’ve got nothing to lose!

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