Will a Tankless Water Heater Save Me Money?

If you’ve recently considered any major home upgrades, you’ve likely heard of tankless water heaters and wondered if you should buy one. If your tank water heater is reaching the end of its service life, it may be a good idea to put a tankless unit on your to-do list.

Though these water heaters aren’t right for every home, their many benefits are tough to ignore. In this guide, we’ll discuss the pros and cons of tankless water heaters and how they may be able to help you save money.

The Pros

  • Instant access to hot water. After all the cold water has been flushed out of the pipes and through the faucet, a tankless water heater will provide a never-ending supply of hot water on demand.
  • A longer lifespan. A major benefit of a tankless unit is its longer lifespan. The highest-quality tank-style units last about ten years, while a tankless model may last 20. Choosing a tankless model will help you save on replacement costs in the long term.
  • Reduced monthly operating costs. While these systems cost more upfront, they are more efficient than conventional units. Though the monthly savings may be nominal, they add up quickly.
  • You’ll save space. Tankless units are smaller than their conventional counterparts. Most of the time, they’re installed on walls in out-of-the-way places such as basements. If you’re downsizing, the extra space will be a great benefit.
  • There’s no standby loss. Tank-style units repeatedly reheat water, consuming energy every time, even if no one is home. One of the biggest selling points for these water heaters is that there’s no standby loss of energy.
  • You’ll never run out of hot water. In large households that use a lot of hot water, it runs out quickly. Because they don’t use reserved water, tankless water heaters ensure that there’s enough hot water to go around.
  • Gas and electric units are available. Though most tankless water heaters are natural gas-powered, electric models are also available. Depending on your home’s infrastructure, an electric unit may reduce the need for costly, complex modifications.

Now that we’ve discussed the benefits of tankless water heaters, let’s consider the disadvantages.

The Cons of Tankless Water Heaters

  • Inconsistent heating. According to Consumer Reports, inconsistent water temperatures are a primary complaint among tankless water heater buyers. These issues usually arise from a unit’s inability to supply hot water to several outlets at the same time. Additionally, these water heaters don’t always turn on when the tap is slightly open.
  • A higher upfront cost. Because tankless water heaters last longer, they’re more expensive. The average conventional unit costs about $500, while the least expensive tankless units are about $1000. Tankless water heaters cost more to install, so be sure to consider labor fees when pricing these units.
  • A limited supply of hot water. Tankless water heaters supply hot water on demand, but that supply isn’t infinite. Standard units heat dozens of gallons of water at the same time, which is enough for one shower or a sink full of dishes. However, if everyone in the house takes a shower, or if the dishwasher is in use, tankless water heaters may not be able to keep up with the demand.
  • You may need additional equipment. Most of the time, those using tankless water heaters will also need water softeners. The additional equipment adds to the upfront cost, and the softener will largely eliminate the unit’s space-saving benefits.
  • It may take a while to recoup the cost. While you’ll save on monthly costs with a tankless water heater, it may take years to pay for itself.
  • There are other ways to save. A tankless unit isn’t the only way to increase your water system’s efficiency. By simply changing usage habits, families can significantly reduce their water bills. Furthermore, low-flow fixtures and efficient appliances can offer savings equivalent to those of a new water heater.
  • Other water heating options are available. Tankless units aren’t the only efficient way to heat water; solar heaters are becoming more popular across the country. These units consist of a storage tank and a solar collector, and they eliminate the requirement to install new fixtures or reroute gas lines. Solar heaters can be used anywhere, and they can quickly recoup their installation costs because they don’t rely on electric or gas power.
  • These units require additional maintenance. To retain warranty coverage, a tankless water heater owner must schedule annual maintenance and use a water softener. Homeowners must also flush these systems once a year to minimize harmful mineral buildup. The expense of these tasks may negate some of the savings produced by a tankless water heater’s reduced energy requirement.
  • Standard units can also be very energy-efficient. Energy Star-certified conventional water heaters are widely available. Not only will such a unit offer savings at a reduced upfront cost, but it may also qualify for some tax credits. Additionally, a homeowner installing such a unit won’t have to make big changes to their home’s infrastructure, as almost all American homes are set up to accommodate conventional water heaters.

If you’re still not sure if a tankless water heater is right for your home, contact us online or call the experts at Aquarius Home Services to request a no-obligation consultation.

Will a Tankless Water Heater Help You Save Money? It Just Might!

Every home and every person’s needs are different, and there are no absolutes where home plumbing is concerned. No single water heater type is appropriate for all applications, just as no unit is 100% free of the need for maintenance and repairs. The same thing goes for tankless water heaters and monthly savings. Though it’s impossible to say whether installing a tankless water heater will help you save money each month, you’re more likely to reduce your yearly bills by having such a unit installed by a local, licensed professional. Call the experts at Aquarius Home Services today to learn about our products and services.

Nicholas Kintigh
Nicholas Kintigh
1739846058
Wyatt was very knowledgeable and friendly. He seemed to know what needed to be done and explained everything.
Jodi Powell
Jodi Powell
1739844907
Great customer service!!!! I would highly recommend!!!!
Charlie Cremers
Charlie Cremers
1739835727
Justin from Aquarius Kincetico was great. He was very knowledgeable about our drinking water system, and our water softener system. He walked through everything with me. Thank you again for all your services
Diane Chaussee
Diane Chaussee
1739834775
Derk was so informative and always asked if we had any questions. He answered every question that we asked him. He was pleasant, knowledgeable, and very nice. It was a wonderful experience and we are so happy we have this system now to drink good water! Thank you!!!
Rod S
Rod S
1739831646
Very friendly and knowledgeable. Nick is a great representative of your company.
Jim Molitor
Jim Molitor
1739831493
Very knowledgeable and helpful
J Carroll
J Carroll
1739828599
On time, professional, and efficient. Ryan / Aquarius knows what he is doing!
kurt nyberg
kurt nyberg
1739827475
The people there are supper great and did a great job explaining what we needed to know about it and installing in the time he said
Greg Wax
Greg Wax
1739827456
Rena Shepard
Rena Shepard
1739827174
Anthony was very nice and patient with all. Did a great job and explained everything to me. Thank you
Robert Boyle
Robert Boyle
1739825454
Great and professional installation.
jane larson
jane larson
1739823632
Mike was very thorough and explained everything he was doing. He was a great representative of Aquarius Home Services.
Erik Johnson
Erik Johnson
1739818756
Great service
Maria Fernandes
Maria Fernandes
1739818541
Technician was awesome and did a great thorough job with routine maintenance and system inspection, including taking sensor measurement data at a ceiling vent. World-Class professional knowledge, talent, and technical skill. Thank you, Alec! We look forward to AC inspection in the approaching season, as well...
Gail Brandt
Gail Brandt
1739817675
Gordy provided great service.
Donna Kodet
Donna Kodet
1739810757
Great experience with work done today.Excellent explanations on systemThey were happy to make adjustments as requested. Highly recommend them
Andrew Blattner
Andrew Blattner
1739747698
Great service and experience! Andrew was awesome!
DAN KOLAND
DAN KOLAND
1739683557
Nick repaired our furnace on a Saturday night. He walked me through what was was wrong and had it working after a short period of time. Nick and Aquarius are the best! It would have been a cold night without them.
Christopher Sobraske
Christopher Sobraske
1739658824
Ryan Kahl did a phenomenal job! Extremely knowledgeable about our system and was able to answer all my questions. He was very professional and helpful especially with taking the time to make sure I was 100% confident in our system along with giving me helpful tips above and beyond our system. He really exceeded the value we expected from our service plan.
Corinne Klitzke
Corinne Klitzke
1739645858
Heather Reynolds
Heather Reynolds
1739644317
Max was very helpful!
Bill Enloe
Bill Enloe
1739570182
Pete Hayes
Pete Hayes
1739565324
Was a bit hesitant on keeping up with Kinetico!! But your two service techs ( Justin and Hannah)went above and beyond what I was expecting!! They spent so much energy and information related to my issues , making it a pleasant experience. Like I gained two new friends. Plus explained how a different service should take care further issues. Definitely would like to see them for my next service!!! Even got my wife back on board. Thanks again. Pete Hayes
Debbie Doyle
Debbie Doyle
1739561479
Aquarius came out this morning and replaced two toilets and did some plumbing work downstairs all in one morning. The plumber, Joe, was efficient, answers questions, provided helpful information, and was very friendly and personable. I will DEFINITELY use Aquarius again.
Matt Van Beusekom
Matt Van Beusekom
1739558449
Excellent and efficient work. Would definitely recommend!
Josey Dooley
Josey Dooley
1739557030
Amazing service!
Jessica Tracy
Jessica Tracy
1739556713
Gordon was very friendly and knowledgeable - makes the visit/process so much easier.
James M
James M
1739555300
After months of high water bills and feeling itchy, the Aquarius team came to the rescue. My 25 year old kinetico softener finally gave up and was constantly cycling. At the end of the service call we realized the old unit wasn't worth repairing. They sent out a salesperson the same day, providing a great range of options to fit my price point. My new softener arrived early so we were able to move up the install date. Install was flawless and we're back to having the softest water ever. I'm super happy with every interaction I've had with the Aquarius team. They are all super friendly, knowledgeable, and professional. I rarely leave reviews and only leave them when I'm really impressed. That's definitely the case with this company.
Brian Hagen
Brian Hagen
1739551834
Steve Sherwood
Steve Sherwood
1739551765
Great service. Prompt and knowledgeable
Peter T
Peter T
1739551605
Dirk did a good job communicating and installing the system. Recommend.
Nancy Lahmann
Nancy Lahmann
1739551066
Dylan checked boiler and did a thorough inspection. Very polite. He also knocked off a big ice chunk outside …extra service and much appreciated.
Ann Marie Haerter
Ann Marie Haerter
1739550777
Friendly, efficient, knowledgeable
Kenneth Schwebach
Kenneth Schwebach
1739498359
Great service tec! She was very knowledgeable and helpful.
Neal Kempel
Neal Kempel
1739497034
First, Aquarius responded to my interest in an RO system promptly. After deciding to commit to their solution, the installation, Including a water softner solution, it was scheduled the same week. Michael was the installer and he called when in transit and arrived right on schedule. We went over the work to be done and the placement of the equipment with only one issue that arose. The RO and water softener installation would not be a problem, but plumbing for the outdoor outlets would require additional material and labor, not included in the quote. I was looking forward to using the outdoor faucets without switching the system over. We elected to continue with the installation and Michael kept us informed throughout the day of his progress and completion time. He had everything cleaned up and provided us with a review of the system. To date, we are very pleased with the system and want to thank Michael for a great install. My only recommendation to Aquarius would be to take an additional step, during the initial meeting possibly, and physically look at the plumbing to ensure the quote covers all the materials to meet the customer request.
Jacqueline Garberg
Jacqueline Garberg
1739496644
Wyatt was thorough, considerate, a trusted service professional! Thank you!
Deb N
Deb N
1739489085
Tyler from Aquarius Home Services did a great job! He was extremely knowledgeable and helpful.
Jeffrey Ek
Jeffrey Ek
1739486327
The techs are always very cordial, explain what they are doing, and in and out as quickly as makes sense. Having said that, I’ve never felt that they rushed through their work.
Keith Wolff
Keith Wolff
1739485872
Everything was checked out and explained the tech was very informative would recommend them. Thank you!
Jessica Fisher
Jessica Fisher
1739484813
We have had our Aquarius services longer than a decade. During this time, the equipment has never failed us, but more importantly we have received absolutely outstanding customer service anytime we have needed anything. Today was no different, Wyatt came to our house to do our periodic inspection and was able to help troubleshoot a problem and find a solution the very same day. The entire time he was here, he kept his workspace, clean and orderly, and he was very polite and respectful of our home. The shocker came when he was about to leave and told me this was his fifth day On his own! Very impressed, not only with him as a person, but the quality of employees that come out out of Aquarius. Highly recommend this company.
Jane Ogren
Jane Ogren
1739484717
Friendly and knowledgeable
Mike Gunderson
Mike Gunderson
1739483907
I had an old furnace that was on its last legs and needed to be replaced ASAP.Day one: Service Tech arrived 2 hours after initial contact with Aquarius. Sales Rep arrived within an hour of the request. Deal was made and installation appointment scheduled for the NEXT DAY!Day two: Contacted by the installation team at 7:00 am. Arrived at 7:30. Finished up by 2:30.All of the staff that I dealt with were friendly, professional and great to work with. They explained everything very well. I was expecting to wait 2-3 weeks for a new furnace and A/C. This was all done inside of two days. I would 100% recommend Aquarius to anyone needing any type of home service.Tall Mike, Mike Sippel, Chris Oigard, Dave and Luke it was great to work with you. Thanks for everything!Oh, they like dogs too.
Katie Raymond
Katie Raymond
1739481339
Sue Ufheil
Sue Ufheil
1739471348
Colton was very professional and explained everything he was doing. Very happy with service today.
Jarrod Wieland
Jarrod Wieland
1739470866
James Grant
James Grant
1739469886
Wonderful experience with Andrew & Joey , installed new efficient electric water heater . Courteous , clean , efficient, highly recommended
Jeremy Ruth
Jeremy Ruth
1739468208
Justin and Hana were super friendly and they helped figure out an issue with our RO system. Great appt
James Dixon
James Dixon
1739466779
Creative problem solver, pleasant personality, efficient and cleaned up well.
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