A tankless water heater creates hot water as you use it, thus the system will never run out. Some tankless units are made to supply one shower at a time, these lower BTU systems are ideal for cottage use here in Ontario. For residential or commercial units we recommend that a tankless have a bare minimum BTU of 150,000 in Toronto and areas.
Tankless Energy Savings
Most older conventional type tanks have an efficiency rating well below 60 percent. According to a recent study by the Canadian Mortgage and Housing Commission, tankless water heaters reduce energy costs by an average of 46%. This increase in energy savings can be up to $150 per year.
In addition to increased efficiency tankless water heaters also have much longer life spans than hot water tanks. Your conventional 40 or 50 gallon tank likely has an 8 year warranty and has a steel tank (not stainless steel) which will rust through in about 12 years. Tankless systems are made with copper or stainless steel and can last for 20 years or more.
How much do tankless water heaters cost?
Smaller tankless units with an efficiency of between 80 and 85 percent cost about $2000 to $2750 installed, depending on brand and your homes venting requirements. A larger model with an efficiency of between 94 and 98 percent usually cost about $3000-$4500, again this is highly dependent on your home and the model you choose.
GoTankless: We are your top choice for water heater installations in Toronto and surrounding areas.
Installing a tankless water is a much more complex process than installing a conventional hot water tank, it is important that your installers have the necessary expertise.
Call (647) 925-1930
for more information or to schedule a quote on a tankless water heater installation. Or fill out our online request quote form.
Installing a tankless water heater can be a difficult job as such each customer we service receives a custom tankless installation. There are a number of factors that ensure no two jobs are alike and thus each installation is unique.
There are a number of reasons people are upgrading to tankless systems, but it’s important to understand that a tankless might not be right for every situation. Here are a few reasons people are choosing to upgrade.
High efficiency – some tankless units are 98% efficient – that’s future proof.
Unlimited hot water – Jacuzzi’s and body showers take a lot of water that can empty a conventional tank quickly.
Extended Lifespan – a tankless has an expected lifespan of over 20 years.
Space Savings – As homes and condos continue to shrink floor space becomes a premium a tankless mounts to the wall.
Energy savings – 98% means that 98 cents of every dollar you spend is actually used.
Within Toronto and the Greater Toronto Area we are in a rental market for water heaters which is very unfortunate. These systems really aren’t that expensive and when leasing you easily pay for the system 3-5 times over. Some companies within the Greater Toronto Area are offering financing of a tankless but again the fine print is where they get you. We see more home owners regretting their decision and paying between 13% to 18% interest for their tankless. We often recommend that homeowner simply use their line of credit if they are looking to finance a tankless system. The interest rate is much more reasonable and will likely save the homeowner a few hundred bucks or more.
If you’re looking for that custom tankless installation throughout the Greater Toronto Area give us a call and we can have a REP come out to your home, free of charge. The REP will be able to assess your home, gas lines, venting requirements and give you a quote right there on the spot.
Descaling your tankless is incredibly important. You purchased a high efficiency unit for a reason-Keep it that way! Lime scale may reduce your tankless’ efficiency rating by more than 3 percent per year. Have your unit flushed regularly to continue to enjoy your energy savings!
We offer tankless cleaning and flushing for only $139.
A tankless cleaning and descaling only takes around an hour but will bring your system back to its original efficiency.
Give us a call now and we can set up an appointment that’s convenient for you.