price natural gas europe

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What is the downside of gas tankless water heaters?

I know they are a lot more expensive.
Are there electrical parts that need replacing by high paid technicians.
I can replace the old tank type myself for about $350.00.
Can you install the high tech type by yourself or do you need a lot of
training..
I’m leaning toward the old fashion type.
What do you think? Wile it may save some money on natural gas, what about any high price repairs.. And the fact that they start at about 6 or 7 hundred dollars.
I used an electric one in Europe and it was less than satisfactory.

thanks, squankybaby.
I Cr 13;8a
thanks chuck p
I Cr 13;8a
thanks bigg dog, but what about warantees.
thanks david and chicagirl, i think you have helped me to make up my mind. I’m going with the old fashioned.
I Cr 13;8a
thanks PD cee, good tip
I Cr 13;8a
thanks John S
I Cr 13;8a
thanks ggaryusa
I Cr 13;8a

BOTH BENEFITS AND DRAWBACK/ WEIGH THE BENEFITS/ DRAWBACKS AND COME TO YOUR CONCLUSION

Benefits and Drawbacks of Going Tankless
If you’re considering making the switch to a tankless water heater, you should carefully weigh the pros and cons first.

Benefits:

Most tankless units come with a federal tax rebate of $300.
They never run out of hot water.
They last five to 10 years longer than tank heaters.
They’re more efficient with no standby heat loss.
They take up less space and can even be installed on walls or outdoors with an anti-freeze kit.
Smaller units can be installed under cabinets or in a closet, closer to the point of use.
They only need enough power to heat the amount of water necessary at any given moment.
You can shave as much as 20 percent from your water heating bill.
Electric models don’t produce greenhouse gases.
Most units are operated by remote control and have up to four separate settings available.
There’s no possibility of flooding due to a ruptured tank.

Drawbacks:

They cost up to three times as much as a tank water heater.
Your hot water output is split among all your household fixtures.
You may need to add a larger natural gas line to supply the unit with enough fuel.
Venting gas and propane units requires expensive stainless steel tubing.
Electric models may require an additional circuit.
Gas-powered units produce greenhouse gases.
Gas units require the additional expense of an annual servicing.
Electric models require a lot of energy.
They need a minimum flow rate of .5 GPM in order to activate the heat exchanger.
Lag time can require you to run your water in order to get to the hot water, increasing water waste.

Other Considerations:

Water heating accounts for about 20 percent of your home energy budget.
A whole-house electric model costs $500-$700.
A whole-house gas model costs $1,000-$2,000.
Electric models are generally cheaper to install than gas.
Natural gas is less expensive now, but expected to surpass electricity in the coming years.
A standard bathtub holds about 35 gallons, soaking tubs hold between 45-80 gallons.
downside of gas tankless water heaters
From How Stuff Works.
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