Electric Tankless Water Heater- Is it Worth the Hype?
Perhaps, you’ve been wondering if electric tankless water heaters deserve the hype or if one of the products is suitable for your type of home. Here, we give a complete electric tankless water heater review including what you’re not being told. The comparison would largely be between your other options- storage water heaters and the gas -powered tankless water heaters.
How do they work?
Simply put, electric tankless water heaters bypasses the usage of storage tanks and water is heated directly. The electric element in the device heats up cold water from the pipe and makes hot water available the instant your tap starts running. That said, we’ll now review the pros and cons but in reverse order.
The total initial cost of purchasing and installing a unit of an electric tankless water heater is huge when compared to the conventional storage water heater- almost three times costlier.
Sometimes, the simultaneous supply of hot water at different points to great households is difficult for the electric version- lower than the gas powered and storage water heaters.
They are very durable. Electric tankless water heaters are known to have an average maximum useful life of over 20 years. This is the highest among the three variants we are considering. A typical storage water heater has a total average useful life of fewer than 15 years and in some cases, below ten years.
Regarding operational energy cost, this is your best option. Heat losses attributed to storage water heaters are minimal.The electric water heaters are even more cost effective than the gas- powered tankless heaters due to the pilot light usage in gas heaters.
The cost savings regarding energy cost and durability is sufficient to cover the higher initial cost of purchase (when compared with storage water heater) and more.Between 15% to 20% of your energy cost on storage water is saved. Regarding installation cost, the electric models are cheaper than the gas models.
They have spare parts that are also more durable as well as easily replaceable. Because electricity is the heat source, greenhouse and pollution concerns are eliminated unlike in the gas models.
Of course, the major one is time-saving in having to wait for storage tanks to be filled and heated up. It provides instantaneous hot water.
They take up less of your space. If space considerations is an issue in your home, this may be a valuable advantage. The risk of ruptured tanks is also eliminated.
In obvious terms, the advantages outweigh the disadvantages. If you are at the cross road of choosing or switching, you may want to weigh your options based on this review with the only real difficulties being the initial cost and ability to supply hot water at various points in your home. In the later case, multiple installations at different points are advised.