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When you have a large family or several roommates, you never want to be the last one in the shower when the property has a water heater.

You can wait for an eternity for the water to get warmer without any success.

That’s because the average home has about 50 gallons of heated water available when a water heater tank is full. If someone invests in a light commercial model, that figure can rise to 85 gallons.

What if you could have unlimited hot water so that everyone can get through the shower in the morning? It is possible when you have a tankless water heater installed.

Unlimited Hot Water Is Possible with an Electric Tankless Water Heater

The best electric tankless water heater can deliver an endless supply of hot water without breaking your budget.

Instead of using storage tanks and heating elements to maintain your supply, this technology creates a fresh, on-demand source that lets you have an endless experience.

Most homeowners never go back to the traditional design once they’ve tried an electric tankless water heater.

Are you thinking about investing in an upgrade today? If so, here are the pros and cons you’ll want to consider with this technology.

Pros of a Tankless Water Heater Cons of a Tankless Water Heater
  • This technology delivers instant hot water when you need it.
  • A tankless water heater functions for about twice the average lifespan of the typical tank-based installation. That means you’ll get 20+ years to enjoy this investment.
  • Most homeowners see a lower monthly cost with tankless systems because of their higher efficiency ratings. It is up to 22% more efficient than a standard model.
  • An electric tankless water heater often takes up less space than a traditional tank.
  • Special financing deals are usually available for tankless systems, including extended warranties that cover the entire expected lifespan of the equipment.
  • It’s an ideal solution for smaller homes or families that have fewer hot water requirements.
  • Tankless systems might deliver a limitless supply, but it is not unlimited at the temperature you want. You’ll need to look at the gallons per minute rating to ensure you get the correct model.
  • Most new installations require additional equipment to have the tankless water heater function correctly.
  • Some homes might need the gas lines rerouted to install this technology appropriately, adding to the cost for the electrical system.
  • If you need to save some money, changing your user habits can be almost as effective as upgrading to this technology.
  • Although the risk for leaking is minimal with this technology, it is still a possibility. The potential is the same as having a leaking faucet.
  • If you have a power outage, you’ll need a backup generator available to have hot water access.

When you upgrade to a tankless water heater, you can avoid the problems with a stale supply. Since this technology always pulls it fresh, it’s much easier to have the peace of mind needed for daily hot water access.

The average tankless water heater provides between two to five gallons of hot water per minute. Electric models are often rated lower than gas ones, and it is not unusual for large families to install more than one to ensure their needs get met.

Depending on your community, an installation permit might be necessary before you can begin this project. If you hire a plumber to complete the work, they can often help with that step.

What is the Tankless Water Heater Cost to Budget?

A tankless water heater installation can deliver many benefits, but it often comes at a price requiring careful budgeting. The cheapest options start around $1,000, and those designs are usually suitable for a home with one or two people.

If you need to support a family of six who could be using hot water simultaneously, the installation costs of the best electric tankless water heater could exceed $5,000.

Since this job often needs retrofitting, most homeowners require help from a plumber to have a successful experience. Your technician will need to vent the unit safely since it cannot follow the same process as your tank.

That’s why many new construction projects incorporate tankless systems while existing homes tend to stick with an upgraded tank for their hot water needs.

When you’re tired of not getting enough hot water to use each day, a tankless system is a reasonable investment to consider. With this technology’s higher efficiency ratings