It’s rare that a holiday gift can benefit the entire family. However, a tankless water heater installation as a family gift this year will definitely have your loved ones living in complete comfort for years to come.
Here’s a closer look at why you should definitely jump on a tankless water heater investment before the year’s end.
Tax Credit is the Gift That Keeps On Giving
One of the biggest benefits of getting a tankless water heater now is the tax benefit that’s been extended through the end of 2021. If you purchase and install a tankless water heater by December 31, 2021, you may be eligible for the Nonbusiness Energy Property Credit.
This opportunity is only available in the United States and can bring in an easy $300 tax credit towards your 2021 taxes. Reach out to your local tax advisor to learn more about the documentation you’ll need in order to qualify.
Experience More Energy Efficiency Versus a Storage Tank Water Heater
Tankless water heaters can provide energy efficiency to a home that can improve efficiency by at least 34 percent. When this happens, a tankless water heater unit saves families over 100 dollars on energy bills every year.
Save Money With a Longer Unit Life
Replacing a hot water heater is a massive investment for any homeowner. A standard tank water heater lasts 8 to 12 years and can cost beyond 1,000 dollars to replace. Although a tankless water heater purchase and installation are slightly more expensive than a standard unit, the life of a tankless water heater can last anywhere from 15 to 20 years.
In the long-term, the less you have to replace a water heater, the more money you save for your household. So, if you know it’s time to give your property a new water heater, make sure it’s an investment that offers affordable hot water with minimal replacement risks.
On-Demand Water Heaters Create More Storage Space
Standard water heaters are often stored in the attic, the garage, or a closet within the home. Although they are necessary pieces of equipment, they can easily take up storage space in a home that is already lacking in storage availability.
A tankless hot water heater comes without the space requirements of a standard unit and can easily be installed on walls or in smaller quarters, freeing up space for homeowners to utilize as useful storage.
Learn More About the Benefits of Tankless Water Heaters From Plumbing Dynamics
If you have more questions about tankless water heaters and the installation process, the team at Plumbing Dynamics can help!
We have decades of experience working with all types of plumbing issues and appliances, and can quickly put your mind at ease regarding your new unit investment.
Whether you are looking for help with a tankless water heater or have a plumbing problem that needs repairs, our team is ready to step in. Contact us today to learn more about our services or schedule an appointment.