Purchasing a tankless water heater is viewed as a steep investment. While there are many rewards, the cost of the unit can be as much as ,000 before you add installation costs. Many people consider purchasing a discount tankless water heater to save money. However, you need to be careful as doing so may result in you getting a product that isn't sufficient to meet your hot water demands. This is a huge risk that may not be worth taking. In fact, it may end up costing you more money in the long run.
Don't be shy about asking a retailer why the tankless water heater is discounted. It may be a model that didn't sell well or that had a variety of problems. In many cases, they are discontinued models so getting replacement parts can prove to be difficult. You can also use the internet to research this information on your own. Most discount tankless water heaters won't come with a warranty. This is a red flag you should be cautious about. Buying a unit "as is" can result in you spending a great deal of money down the road to have it repaired or replaced.
The very same holds true for refurbished tankless water heaters. While they may be the best model on the market, you really have no idea what you are getting for your investment. A refurbished unit is one that stopped working or it was not working properly. While new parts have been added it is still a huge risk and you won't be getting a warranty in the majority of cases. You should always purchase a new tankless water heater if at all possible.
If you do decide to purchase a discount tankless water heater, make sure you do so from a dealer who has been in the business for a while. This will help establish them as a provider of quality products. Take the time to compare what brand name models have to offer to the discount brand you are considering. This information will help you discover what your financial savings is going to cost you in efficiency.
The old saying "you get what you pay for" certainly applies to discount tankless water heaters. While you will be saving money, it is very likely you will be uneasy about the reliability of your water heater. A new tankless water heater will cost you two or three times more, but it will be dependable and come with a great warranty. In most cases, a new tankless water heater will save you enough money each month that it will pay for itself in just over a year.
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