Tankless water heaters are an increasingly popular alternative to traditional “tank” water heaters. Here in Buffalo, more and more homeowners are making the upgrade to tankless—also known as “demand-type”—water heaters. In this article, we’ll review some of the benefits of switching to a tankless system and what the typical cost of a tankless water heater is here in Buffalo and Western New York.
To learn more about getting a new water heater in your home, call us. Our expert plumbers can talk to you about the right water heater for you home and provide you with an estimate on a new tankless unit.
What are the benefits of a tankless water heater?
For one, demand-type water heaters are more energy-efficient than standard water heaters. In either a gas or electric configuration, a tankless system is going to use far less energy than other water heaters. Unlike a water heater with a tank that needs to consistently keep a reserve of water heated, tankless systems heat water as it’s needed at the faucet or tap. According to data from the U.S. Department of Energy, a gas tankless system can save you more than $100 every year, while an electric model can save you more than $44 per year.
Unlike standard water heaters that heat a reserve of water all at once and then distribute it to the tap / faucet, tankless water heaters heat water for your home’s shower, dishwasher, and sink as it’s needed. This means that demand-type systems can distribute a virtually endless supply of hot water. No more running out of hot water on a busy morning in your home.
Here’s another area where you’ll save money. Tankless systems have a lifespan that is, in many cases, twice as long as that of a standard water heater. This means that you can often get 20 years out of a tankless system, during which time you would have had to replace a standard unit twice.
How much does a tankless water heater cost here in Buffalo?
Generally speaking, tankless water heaters are more expensive than standard tank water heaters. Depending on the type (gas or electric), the make and model, and the size, demand-type systems range anywhere from $1,000 – $3,000. You’ll also want to factor in protection plans, the cost of ongoing maintenance, and professional installation from the plumbing pros here at Reimer.
However, that higher cost might not be a dealbreaker. After all, consider this: you’ll save on your monthly energy bills moving forward and you’ll get twice the lifespan out of the system. Plus, in many cases, upgrading to a tankless water heater can be a boon to your home’s value and to the curb appeal of the house.
Talk to the Reimer team
There are many individualized factors that can cause the cost of a tankless water heater to vary. Our advice? Call us to talk about your options and to get an estimate on a new water heater.