Standard Tank Water Heaters vs Tankless Water Heaters | Atlanta, GA
The water heater in your Atlanta, GA, home is one of your most essential appliances. You rely on hot water every day to perform daily household tasks. In addition, your water-based appliances rely on the water heater to function at peak performance.
The average lifespan of a traditional tank water heater is 8 to 12 years. When the unit reaches the end of its lifespan, it can no longer function efficiently, and the water won’t get hot. In addition, the water heater can affect the water pressure, contaminate the water, and there’s a risk of leaks.
When it’s time to replace the water heater, you can install another tank water heater and go with a tankless water heater.
Tankless water heaters have benefits that you won’t get with a tank model.
#1 Saves Money On Your Energy Bills
Traditional tank water heaters consume a considerable amount of energy. The water heater heats the cold water that comes into your home and kicks on many times a day to ensure the water stays hot. Even if nobody is home and nobody is using hot water.
Tankless units don’t store water, and the unit doesn’t kick on until a hot water tap is turned on and will shut off when the hot water is turned off. Tankless water heaters don’t have to keep 50+ gallons of water hot. According to Consumer Reports, tankless water heaters are 22 percent more efficient than standard tank models, saving money on your energy bills.
#2 You Won’t Run Out Of Hot Water
If you have a traditional tank water heater and your family uses a lot of hot water in a short period of time, you risk running out of hot water. As soon as the water in the tank is depleted, you’ll have to wait for the tank to refill and reheat to use the hot water.
Tankless heaters don’t have a storage tank for water and provide hot water on demand. The unit will kick on only when the hot water tap is turned on, so you don’t have to worry about running water. If you have a large family and run out of hot water often, installing a tankless water heater is the better option.
#3 Longer Lifespan
As mentioned above, standard tank water heaters last for 8 to 12 years. When the unit reaches the end of its lifespan, you’ll need to purchase a new water heater and have it installed.
The average lifespan for tankless water heaters is 20 years. Although tankless water heaters are more expensive than tank models, they last twice as long. You can install a tankless model just once rather than installing two water heaters over 20 years.
The average cost of a new tank water heater and labor is $829 and $1,647; however, the water heater will be more expensive if you need a larger unit for a big family. If you choose a large unit with additional features, it can drive the price up to $2,000.
Tankless heaters cost an average of $3,000 with installation, but the price will be a bit higher or lower, depending on the model you choose. Although this is more expensive than a tank unit, you will only need to replace it once after 20 years.
#4 Saves Space In Your Home
Traditional tank water heaters are very large and take up a lot of space. Many people install their water heaters in the basement to make the house more aesthetically pleasing. Some homes don’t have basements, and these homeowners install their water heaters in a closet, and some have no choice but to install the unit in a central living space where it’s visible and affects the room’s appearance. If your home is small, a large water heater can take up space you don’t have.
Tankless water heaters are not nearly as large and bulky as traditional tank water heaters because they don’t have to store 50 gallons of water. The water heater is about the size of a small suitcase and is hung on the wall, saving a significant amount of floor space. A tankless unit will free up more living space if you have a finished basement. If the water heater is stored in a closet, the floor will be free for storage. If you don’t have a basement or a closet and the water heater has to be installed in the open, the ability to hang the unit on the wall will improve the appearance of your home, as you won’t have a bulky water heater in the corner of the room.
#5 Low Maintenance
Plumbers recommend having the tank water heater in your Atlanta, GA, home drained and flushed every year to improve the unit’s efficiency and extend its lifespan. Neglecting routine maintenance can result in sediment buildup that can contaminate the water, affect the water pressure, and even crack the water tank, causing 50+ gallons of water to flood your home.
Tankless water heaters don’t require as much maintenance. Tankless units should be maintained every two years, and if you live alone or with just one other person, you can go three years before having the unit serviced.
#6 Tax Breaks
Tankless water heaters are energy-efficient, and if you install a tankless unit in your Atlanta, GA home, you qualify for a tax credit. The current credit is 26 percent and will reduce to 22 percent in 2023.
The credit has to be claimed on your tax return the year it’s installed. If you typically get a tax return, the tax credit will repay you for 22 percent of the cost. If you have to pay taxes at the end of the year, the tax credit will decrease the final cost of your tax bill.
Call Peach Plumbing & Drain
If you plan to install a tankless water heater in your Atlanta, GA, home, call Peach Plumbing & Drain. We are a family-owned and operated full-service plumbing company serving residential and business customers in the area.
We have over 72 years of combined experience and can handle any plumbing job you have. Our plumbers are professionally trained, licensed, and insured, and they have the knowledge and skill necessary to diagnose and repair plumbing problems.
If you have an emergency plumbing problem, we provide emergency service 24 hours a day, 365 days a year. We’ll get a plumber to your home to resolve the problem as quickly as possible.
To talk to us about tankless water heaters or are ready to schedule an installation, give us a call today.