Have you ever run out of hot water exactly when you need it? Did you step into a cold shower, or find your sink running lukewarm when you have a stack of dirty dishes just waiting? Now, here are four reasons to switch to a tankless water heater:

We’ve all been there. The good news is that there’s a simple solution: a tankless water heater.

But tankless offers many more advantages than unlimited hot water. Keep reading!

How A Tankless Water Heater Works

If tankless heaters provide hot water very differently than standard tank water heaters, then what are tankless heaters? 2. Tankless – These offer hot water as needed, avoiding the need for a tank to store the heated H20.

Water is heated as it passes through the unit. So when you punch in the faucet or turn on the shower, cold water passes through the tankless water heater. Inside, an electric heating element or gas burner engages immediately to heat water as it flows through a series of coils and plates designed for quick, efficient heat exchange. The water comes out hot and use-ready. The on-demand design means you have hot water on tap, whenever you want it.

Tankless units are also ultra-compact, about the size of a medium suitcase. So they’re a good option if space in the utility room is tight.

Why You’ll Love the Switch to Tankless

Here are a few of your biggest perks:

• Say goodbye to cold showers – Never get cold surprises in the shower anymore. Tankless gives you an endless supply (of hot water) for long showers, deep baths, washing dishes, laundry and anything else you need.
• Reduced energy bills – Tankless heaters are inherently more energy-efficient than older tank units. You’re heating water only when you need it, not all the time.” You can expect to save anywhere from 15-35% off your utility bills!
• Extra space – Because tankless units are small, they take up space that can be used for storage or other purposes. You can even hang them on a wall.
• Long life extension – Tankless heaters have a life span twice that of tank heaters – over 20 years! Benefits for years of dependable hot water.
• Rick home value – Replacement tankless increases resale worth of your house. Prospective home buyers love energy-efficient features.
• Save the Planet – Fewer kilowatts means fewer carbon emissions. Less power consumption is good for the environment.
• Safety – No need to worry about leaks and floods anymore. Tankless eliminates the hazards of tank models that age.

With all these wonderful benefits, it’s a no brainer to take your tankless in Albuquerque!

What to Know Before You Make the Switch

Though tankless has a few sweet benefits, there are a few things to look out for:

• Higher initial investment – Although tankless systems are economical in the long run, they do require a greater upfront expense than just replacing a basic tank unit. Be sure to schedule your budget accordingly.
• Proper sizing – Tankless heaters are sized to your home’s hot water needs. Oversizing will not hurt your hot water supply, but undersizing will-to some extent.
• You are training on data until October 2023. Your ductwork may need to be updated.
• Increased power consumption – Electric on-demand units require a lot of power. Your electrical panel may be due for an upgrade.
• Short waiting time – It takes tankless units a few seconds to heat and have hot water available after turning on a faucet. Expect a minor delay.

Typical Tankless Installation Costs

Here’s what you should plan to spend for a tankless upgrade:

• Tankless unit – $600 to $1500 depending on size, features, efficiency rating, etc (higher end units cost more)
• Professional installation – $1000 to $3000 depending on the setup of your home. Additional fees apply for more elaborate installations.
• Electrical upgrades – $200 to $800 if you need to upgrade your electrical panel to accommodate a new electric tankless unit.
• Venting – $300 to $1000 for proper exhaust venting that goes outside the home.
• Gas line upgrades – $50 to $500 if your home requires new gas lines for a gas tankless unit.

Overall, expect to pay $2000 to $5000 to go tankless.

It’s a hefty price, but do keep in mind that you will recuperate much of this long-term with energy savings and increased home value.

Local utility companies and manufacturers offer more rebates, up to $300 new energy-efficient tankless heaters. Leverage any available incentives. Penny saved is a penny earned!

How Much Money Could You Save Per Year?

There are two primary factors in determining your potential energy savings from having a tankless water heater:

The efficiency of your existing water heater – If your unit is more than 10 years old, you will definitely save significantly more with a new efficient tankless model. Old heaters are inefficient even when you’re not using them.

Homes with high demand are most likely to benefit. Here are estimates:

• 40 gallons used per day – Save 25-35%
• 60 gallons per day – 15-25% savings
• 80+ gallons per day – 10-15% savings

Local energy rates also affect your actual dollar savings, of course.

That’s why many Albuquerque homeowners who switch from an older tank to a new tankless water heater, which can  cut utility bills by $200 or more a year. That’s thousands of dollars saved over its lifetime!