The Costs and Benefits of Having a Tankless Water Heater

You open your eyes to another winter morning in Toronto. It’s December, so your body has learned to expect the chilly days. The thought of a warm shower brings a smile to your face.
You step into the shower, turn on the water and your body shivers from the cold; someone in your house used all of the hot water, and you need to wait for the water tank to fill up and heat again.
Not only is this experience time consuming and disappointing, it is also inconvenient. Many people would be annoyed if this is how they started their day.
If this sounds like an average day in your house, then it’s time for you to consider a better way to heat your water.

The Benefits of Tankless Water Heaters

They’re fast. They’re efficient.
They also only heat up water when it is needed, and this is why they earn their name, “tankless water heaters.” With a tankless water heater, you will not encounter the annoying scenario of the hot water supply running out, and you will save money.
Tankless water heaters will warm water, and then switch off automatically. As the water cools, they restart automatically to heat it up again. When you aren’t home and no hot water is being used, this cycle continues. As a result, tankless water heaters consume a lot of electricity, and this gives you a higher bill to pay.
Tankless water heaters do not operate unnecessarily. You will save energy and have a lower electric bill. Another benefit is that tankless water heaters take up less space than traditional water heaters. That is why it is vital to invest in a tankless water heater

What about the Costs? Is There a Catch?

Tankless hot water heaters provide endless hot water, it lowers your energy bills and are compact and efficient.
So, what is the downside? There really isn’t one.
While many people argue that that the cost of installing a tankless water heater is quite expensive, consider the amount of money one will save (and continue to save on electricity bills). Remember, it is an environmentally responsible choice that allows an individual person to save energy.
The cost of a tankless water heater ranges anywhere from $900 to $3,000. The average cost for a tankless water heater is approximately $1,800.
Since there are two types of tankless heaters available, a person can choose between the gas-powered heater (with an average price of $3,000) and an electric model for approximately $1,000. However, because they are energy efficient, there are government rebates available to offset the cost of installing a tankless water heater.
An authorized dealer will present current rebates and grants to you. It is important to remember that the cost of installation varies depending on the wiring and piping in each home. To get a better understanding of how much it will cost to install a tankless water heater, contact Cozy Comfort Plus Inc. for an estimate today!

Contact us

Call or email us to schedule an appointment. We will connect you with one of our highly sales consultant who will assist, by choosing the right tankless water heater.