Tankless water heaters are popular because they are very energy efficient and control the potential waste and loss of hot water. However, there are many reasons for not investing in and installing a tankless water heater. If you are not sure if this type of water heater is right for you, then it is important to know its shortcomings before you invest.

Tankless Water Heaters Are Perfect For Small Homes

If you live in an apartment or small home that only has one bathroom, then a tankless water heater is perfect. It does not have to work as hard to produce enough hot water on demand. It also cannot produce enough hot water to meet the needs of multiple bathrooms and multiple appliances that need hot water all at once. These water heaters can manage a hot shower and a clothes washer or a dishwasher at the same time, but not all of the above, and definitely not more than one shower and more than one appliance running simultaneously. (The only exception to this rule are tankless water heaters which cost almost twice as much as a standard water heater, and most homeowners and apartment dwellers would prefer not to invest in the more expensive tankless heaters.)

Tankless Water Heaters Are Perfect for Fewer People

Tankless water heaters are great for single people, couples without kids, or a pair of roommates who work different shifts. The reason behind this is that this type of water heater produces hot water on demand and needs a brief rest period in between uses to conserve energy and build up enough energy to heat the next batch of water. If you have to wash a couple of kids in the tub and then take a shower yourself, you have to stretch the process out all evening to get your water heater to produce enough hot water for each bath or shower. It just works better if there are fewer people living in the house or apartment.

Tankless Water Heaters Are Perfect for People Who Cannot Afford Repairs or Replacements

Finally, the dual-edged sword of good and evil concerning tankless water heaters is that they require fewer repairs and far less frequent replacements. This is ideal for anyone that cannot afford to repair or replace a standard water heater when the standard water heater breaks down or the bottom rusts out completely. You can install a tankless heater for as little as $179 to as much as $1,300 (approximate cost for just the appliance, according to one home improvement retail store's prices). The more expensive the tankless water heater, the more water it can heat. The most expensive of all tankless water heaters, and the most recent models available, purportedly can handle several bathrooms running hot water simultaneously. Contact a company like H.R. Stewart Inc. for more information.