Is A Tankless Water Heater Worth it?

Tankless water heaters come with a lot of obvious perks. They take up significantly less room in your house, they’re much more energy efficient, and they can’t run out of hot water, so you still get hot water for the dishes after your teenager decides to take an hour long shower. But they also have a downside, and that’s the immediate upfront cost.

In the long run, the increased efficiency of not keeping gallons of water hot around the clock is going to more than pay off the initial investment for the more expensive heater, but that doesn’t make it easier for Albertans who may not have much wiggle room in their budgets. Long term savings are great, but if you can’t afford the tankless water heater now, they’re not really doing you much good.

However, it’s worth remembering that tankless water heaters aren’t just an investment that pays off long term financially; they’re also better for the environment. Since water isn’t sitting in a huge tank all the time, you don’t need to keep it hot enough to prevent bacteria and fungal growth. Instead, water is heated on demand. This has a two fold benefit. First, if you have small children or seniors in your home, you can set the highest possible temperature a little lower. This helps to protect vulnerable people from burns. Second, you’ll save on your utility bill because you simply won’t be heating water you aren’t using.

Fortunately for all Albertans – especially those who wouldn’t be able to budget the increased cost of a tankless heater – the Alberta government is offering generous rebates. If you upgrade your hot water tank to an approved, Energy-Star tankless heater, you can benefit from as much as $1000 back, though on average, Albertans are seeing a little less – around $950 back. To learn more about Efficiency Alberta’s plan to help Albertans save energy, you can visit their website or give the experts at the Plumbing Paramedics a call.

Here at Plumbing Paramedics, we’re proud to say that we’re working with the Alberta government as an approved contractor. We want to help Albertans to benefit from long-term energy savings, and we’re happy to help the environment and make Alberta a little greener while we’re at it. To learn more about the benefits of tankless water heaters, and is a tankless water heater worth it, contact us today at (403) 452-2911!