Post # 1
Our new home is going to need a new water heater ASAP.
I’m very torn between just replacing the current tank water heater or having it replaced with a tankless water heater.
It’s a 4 bedroom, 3 and a half bathroom town home with a finished basement, and 2 other floors above that.
Our water is heated with natural gas.
Post # 3
is your water heater located on the bottom level of your home?
Post # 4
I voted for tankless only because I hate running out of hot water. With on demand, you always have hot water. As far as cost for running it, it probably isn’t going to be too much different since the cost of natural gas is pretty cheap right now. It might be a little cheaper with tankless with just 2 of you in the house. With tankless, the water is only heated on demand whenever you need it. But it has to be heated really hot really fast which uses a lot of energy at once. With fewer people in the house, the less hot water you use, so the less energy you use. With the regular tank, you are heating water all day and all night so it’s already hot when you want to use it. It uses less energy at one time because it heats the water more slowly. So if you have a large family, it might be cheaper this way. But again with the price of natural gas right now, it’s not going to be all that much different.
Post # 5
There’s a lot of debate about tankless vs regular and the cost benefit. General wisom says that it takes a looooooong time (years and years and years) for the cost of the tankless to be overcome by its efficiency. I’d only get one if I wanted to be in my house for the long haul. You likely won’t see any return on it when you sell – unless that is the gold standard amongst comps in your area and you don’t have any other advantage to cancel it out.
Post # 6
My dad just got tank less, it was only a few hundred more than his replacing his big old tank. Now I am after DH to replace ours too. Once you see the difference in how fast you get hot water, you will not regret it.
Post # 7
We love our tankless, replaced a traditional water heater about 4 years ago. Our gas bill is super low, it’s only my husband and I, but it was more money upfront to purchase. Luckily my dad and husband were able to install it and do the venting through the roof themselves because having to pay to have it all done would have been a major major expense. Just keep the installation and new venting costs in mind since it may not seem like a huge difference in cost, but it can really add up.