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Now that you know more about how tankless heaters work let's get into more of the finer details. Below we'll discuss their benefits, including their efficiency. However, note that they also have a few drawbacks, such as higher initial cost.

What Are the Top Benefits of a Tankless Water Heater?

One of the primary benefits of tankless water heaters is that they don't have standby heat losses. Again, that's because they don't need to store hot water for later use. They only consume energy when you turn on a hot water tap.

No Standby Heat Loss Means More Savings

Since they don't have standby heat losses, tankless heaters can help cut your energy bills. Under the right conditions, they can trim your water heating expenses by about 10% to 24%.

Such "conditions" are dependent on how much hot water your household uses every day. If you and your family use less than 41 gallons of hot water a day, a tankless heater can cut your heating costs by 24% a year. If your daily hot water demands exceed 41 gallons, you may still be able to reduce yearly water heating costs by 10%.

No Need to Wait Long for Hot Water

Aside from energy savings, there's also the convenience of always having hot water. Remember, tankless heaters don't have to store or heat water in a tank. So, you won't have to worry about running out of hot water and showering in ice-cold water.

Uninterrupted Flow of Hot Water

Speaking of cold water, were you aware that there's such a thing as a "cold water shock?" It can happen when your body gets exposed to water that's below 70 °Fahrenheit. Keep in mind that cold water makes the body lose heat 25 times faster than cold air.

The thing is, water supplies in Plymouth, MN, can get really cold during fall and winter. So, if you run out of hot water while in the shower, you can get "shocked" by the cold water. This alone can cause accidents in the bathroom, such as slips and falls.

So, that should be another good reason to consider a tankless water heater. This way, you can avoid dangerous situations in the bathroom.

What About Potential Drawbacks?

While tankless heaters deliver constant hot water, they do have limited flow rates. This means that simultaneous use can restrict their water flow and pressure.

For example, you may notice that your hot water becomes more "tepid" if you run several hot water taps at the same time. This can happen if you shower in one bathroom and another family member also bathes in another. The more hot water taps you simultaneously use, the less "hot" the water can get.

Another potential drawback is that installation is more expensive for tankless water heaters. The price itself of a tankless heating system is higher than a tank heater.

The average cost to install a tankless water heater ranges from $1,000 to over $3,000. On the other hand, a tank heating system only costs about $800 to a little over $1,500.

Does a Tankless Water Heater Make Sense for Plymouth, MN Residents?

Yes, it does, as the city's average low temperature throughout the year is below 70 °Fahrenheit. This means that there's always a risk of getting icy water, whatever season it may be. An on-demand heater can help you avoid "cold water shocks."