Tankless Water Heater: A Brief Cost Analysis Insight

Your new tankless water heater system will cost more than a traditional water heater system. How much more? That depends on the brand you purchase, whether it’s gas or electric, its capacity, and so on. On average it’s safe to say a tankless water heater costs twice to three times more than a traditional water heater system. But to merely analyse upfront costs is an incomplete insight. In most cases, your upgrade from a traditional water heater system to a tankless water heater puts you in an entirely new league.

Here’s what that means.

Higher Costs Now, Lower Costs for Years to Come

Energy efficiency: Tankless water heater systems—depending on a household’s hot-water usage—on average is 30 percent more efficient than a standard water heater system. More usage equals more efficiency. And given that the expected lifespan of a tankless water heater system is 20-25 years, higher upfront costs quickly disappear into energy saved during these years.

Endurance: Tanked water heaters are built to serve 8-12 years. A prolonged life span of more than 12 years also stands to exact a huge toll on the system’s efficiency. A tankless water heater system, meanwhile, is built to last 20-25 years—meaning you may purchase two traditional tanked water heater systems in the time you’d own one tankless water heater system. Suddenly cheaper fails to look smarter.

Evading disaster: As the age of a standard tanked-water heater goes up so does the risk of tank burst. A rod inside the heater corrodes over time and the combined forces of water, heat and pressure on the metal can lead to hairline fissures. Left unattended, a fissure can develop into a fracture, requiring immediate plumbing repair. This also requires home insurance to cover any damage to your home. (The damage also affects your home’s market value.) There’s no price on peace of mind, but there is an actual cost-benefit to choosing a demand-type system.

In contrast, a system with no tanks to burst carries no possibility of disaster.

Comfort above all: So don’t be deceived by upfront costs. While making a comparative cost analysis between a tankless water system and traditional tanked water heater, consider your costs both short and long term. Choose comfort over cost, buy a tankless water heater system, and say goodbye to hot water worries. Call or text us @ 214-340-6300 today for a detailed breakdown of tankless water costs and all your plumbing requirements. Since 1903, Dallas Plumbing Company has offered expert plumbing and heating services to homeowners in Dallas and beyond.