Tankless Water Heater Cost: Understanding the Pros and Cons of Going Tankless

Tankless water heaters have quickly become a popular choice for many homeowners in Austin, TX's 78759 zip code and beyond. With savings on energy costs and an increased capacity for hot water, as well as a significantly longer lifespan, it's no wonder tankless water heaters are a go-to for many property owners.

However, like most home maintenance investments, tankless water heaters come with a hefty initial metal cost. Moreover, the upfront costs don't include installation fees of $1,200-$2,000. Many people are likely to ask the question—is going tankless actually worth the long-term monetary benefits?

In this article, we will review the pros and cons of tankless water heaters, focusing in particular on the cost of installation and upkeep. Our aim is to guide you in making the most informed decision possible, ensuring that you get the most value out of your investment.

Advantages of Installing a Tankless Water Heater

Tankless water heaters offer a number of distinct advantages. First, they boast an impressive longevity of almost 20 years, compared to the conventional tank water heater's average of 10-15 years. This means that, with proper maintenance and upkeep, tankless water heaters can last almost twice as long as their traditional counterparts.

A longer lifespan isn't the only benefit of tankless water heaters. They also consume 25%-30% less energy than standard water heaters, helping you to save substantially on energy costs. What's more, tankless water heaters provide a much higher water flow rate than standard units, allowing you to enjoy more powerful hot water, on-demand.

Disadvantages of Installing a Tankless Water Heater

While there are ample benefits to tankless water heaters, there are of course some drawbacks, as well. Namely, the upfront costs of installing a tankless water heater are hefty; compared to a conventional tank water heater, you'll have to fork out a significantly higher sum of money upfront.

On top of this, even if you decide to pass on the installation fees, the more complex design of tankless water heaters means that you're going to have to invest in certain replacements or parts more frequently than with a traditional water heater. This can add up to a costly overall upkeep.

To Hire a Professional or Not to Hire a Professional?

Installing a tankless water heater is a complex job that should not be attempted by a novice. If you do attempt the job on your own and make an error, it can come at a hefty price tag in terms of repairs and replacements.

For this reason, we recommend considering professional installation by an experienced licensed plumber. Abacus Plumbing is one such company in the 78759 area. Our technicians have been professionally trained to the highest standards and are committed to installing and maintaining your tankless water heater to the highest of standards.

The Bottom Line

It's clear that there are some serious benefits to installing a tankless water heater in your home. From lower energy consumption to increased hot water flow rates, there's a world of advantages that come with tankless water heaters.

However, you should be aware of the drawbacks, as well; namely, the meticulous upkeep and required repairs that your tankless water heater may need over the years. With that in mind, it's important to keep in mind the potential cost of repairs and maintenance over the years.

Before making any decisions, we recommend speaking to a professional plumber who can provide a more tailored cost estimate for installation and the estimated cost of repairs in the long-term.

Tankless Water Heater

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Austin TX