Tankless water heaters have been around for awhile and are sometimes called on-demand water heaters or instantaneous water heaters.
How do tankless water heaters work?
Tankless water heaters do not store any water – hence, the word tankless. Instead, they heat water directly and push it through the pipes once a hot water tap is turned on. Of course, there will be a small period of time where you first get cold water coming out of the tap. But it’s probably a few seconds at most.
Once the flow of water starts, the tank’s heating apparatus will activate and start to instantly warm the water going through. When you turn the tap to off, the heating apparatus immediately turns off as well, aka being on-demand.
The two biggest objections to getting a tankless water heater installed are price and performance.
Tankless water heater price
The cost to install a tankless water heater is substantial. On any given day, installation costs will run you anywhere from $3,000 to $5,000.
There are a few things that will impact how much you pay:
Tankless water heater performance
Although there are periodical advances in tankless technology, one of the biggest considerations is environment.
For example, with Winnipeg winters, on some of the colder days you may experience a lower water pressure as the system compensates for the cold by slowing the flow of water to heat it more. The other thing to consider is how many people are in your household and how many things are using hot water at once. If you have two showers and the dishwasher running all at the same time, it’s not going to be a good experience. But if you’re a smaller family or bachelor, it might be worth installing.
While the installation cost is relatively high and the performance needs to be looked at before deciding, there are some benefits that you should be aware of.
Even though the benefits outweigh the cons, the cons are still relevant and need to be discussed.