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Considering A Tankless Water Heater? Three Reasons To Make The Switch Now

by | Nov 11, 2016

There is nothing as frustrating as hopping into what you hope will be a long, hot shower, only to get ice cold water from the faucet. It is a scenario that is played out in households across the country on a daily basis. While a cool shower might feel good in the hot summer months, when it is cold outside, that is the last thing you want. You may have heard that a tankless water heater eliminates this problem, and the rumors are correct. However, you may still be unsure if it is the right move. Here are three of the most compelling reasons we can think of for making the switch to a tankless water heater now.

Holiday Guests

If you and your family entertain out-of-town visitors during the holidays, you know how tough it can be for your 20 or 30 gallon water heater to keep up with the demands of daily showers, additional laundry and cleanup after cooking. Installing a tankless water heater before your guests arrive reduces the stress and conflict that running out of hot water causes. No matter how many people you entertain, there will always be a steady stream of hot water available. Plus, you will earn bonus points with your in-laws for being so frugal and forward thinking, which is always a good thing.

Tax Incentives

While you will not need to file taxes until April, now is the time to consider ways to lower your tax liability, or increase your refund. Federal tax credits are available to homeowners who install energy efficient systems. While these energy efficient products are more expensive to buy, they more than make up for it in tax credits and energy savings. For example, a Rinnai tankless water heater with an energy rating of .82 or above may qualify for a $300 tax credit. When you file your taxes, include the manufacturer’s certification statement as well as IRS Form 5695 in order to receive the credit.

Resale Value

If you have plans to sell your home in the next year, you are likely looking at ways to increase the market value. Upgrading appliances, installing new flooring, a new roof and exterior improvements are all great ways to do this. A tankless water heater is another. While you may not see a huge increase in value, the perceived value of a prospective buyer is invaluable. Not only will they see the benefit of having a continuous supply of hot water, they will also be attracted to the savings they will see on their monthly utility bills. Therefore, your home will be more attractive to buyers, and likely garner a higher sales price when you do decide to sell.

If you would like more information about the benefits of installing a tankless water heater in your home, please contact us. Our expert staff will be more than happy to answer any questions you have about choosing the right tankless water heater. When you are ready to make the switch, you can count on the Waterheaters.com team of plumbers to make sure the installation is done properly.