Tankless water heaters are one of the features that many homeowners are upgrading to, buyers are searching for, and new construction builds tend to highlight as a luxury feature. While many homes on the market boast feature such as new flooring, durable and appealing kitchen countertops, new appliances, or additional room for storage, it is often the item’s that you don’t initially see that can end up being your favorite feature within the home, or in hindsight, the one you wish you would have searched for.
This couldn’t be truer when it comes to tankless water heaters. There are dozens of different benefits that are associated with a tankless system; however, a few seem to stand out among the rest.
#1 Save on Energy
The dreaded energy bills. Often one of the highest bills within a household everyone wants to find ways to save, and with a tankless water heater you are doing just that! Without the need to continuously heat the water within a traditional water heater, you can be more energy-efficient and reap in the benefits of a lower energy bill.
#2 Instant Hot Water
No more waiting for the water to get hot, simply turn on the faucet and voila! Hot water! A simple and yet huge feature for many.
#3 Tax Credit on Initial Costs
As with most upgrades, the initial costs of purchasing and installing a tankless water heater are definitely costly, however, due to the high energy efficiency of the systems, you can qualify for up to 10% of the initial costs as a federal tax credit to help pay for a portion of the installation and equipment.
#4 Life Span
While many factors are in play when it comes to the life span of both a traditional water heater and a tankless water heater, as a general rule of thumb, tankless water heaters generally last more than twice as long as the more traditional tank, which saves you on a repair or even a replacement bill.
As with all things, there are also a few cons that are often associated with a tankless water heater, however, the list is quite small in comparison to the many pros, the biggest being the initial cost of converting to a tankless system. So, whether you are currently house hunting, preparing to sell and want to appeal to buyers, or are looking to upgrade and renovate your home, a tankless water heater should definitely be a feature to look into.
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