There are two different types of water heaters you should look into if you are in the market for a new water heater: tank and tankless water heaters. Of course, it’s vital to know your options and understand the differences between both types of water heaters. Like with most things in life, each of these types has its own set of advantages and disadvantages. The “one size fits all” approach doesn’t quite work here because every household has its unique water heating needs.
So, let us, your local Huber Heights Plumbing & Drain experts, guide you through the pros and cons of each type so you can have peace of mind when making an informed decision for your home.
All About Tank Water Heaters
Tank water heaters, or storage tank water heaters as they are sometimes called, are the most common water heaters in residential homes. They consist of an insulated tank that holds, heats, and stores hot water until you need it. They usually run on electricity or natural gas and come in a range of sizes – from 30 to 75+ gallon tanks for home use.
Perks of Using Tank Water Heaters
- Easy Installation – Tank water heaters win points on the quick and easy installation front. This means lower upfront costs (in terms of installation) for you.
- Storage Capabilities – These heaters can store hot water in large quantities and are ready for use whenever you need them, thanks to their “heat and hold” function.
- Maintenance Requirements – Additionally, their maintenance is easy. These water heaters typically only require their regular water heater flushes, which you can choose to do yourself or have a plumbing professional take care of.
- Extended Lifespan – Did you know that with proper upkeep, a tank water heater can last for up to 8 to 10 years? Which is a great run, in our opinion!
The Efficiency of Tank Water Heaters
Some storage tank water heaters are so well-designed and well-insulated that they can help cut down standby heat loss; this, in turn, can aid in bringing down your energy costs each month, which is yet another reason why it’s essential to choose the right water heater for your home.
The Cost Perspective of Tank Water Heaters
When considering a tank water heater, it’s vital to evaluate all the cost aspects:
- Upfront costs are generally more affordable with tank water heaters.
- They involve fewer maintenance costs.
- Repair costs are also lower due to their simplicity.
Tank Water Heaters are Ideal for
- Given their limited hot water supply (determined by tank size), tank water heaters are best suited for small to medium-sized families.
All About Tankless Water Heaters
Tankless water heaters, also known as on-demand water heaters, consist of highly efficient burners that heat water quickly as and when needed, ultimately delivering a never-ending supply of hot water instantly. As the name suggests, they don’t require a storage facility, and they are typically powered by electricity or gas.
Perks of Using Tankless Water Heaters
- On Demand Supply – With a tankless water heater, you’re never going to run out of hot water. That’s why they are also called “on-demand” water heaters.
- Storage Space – They don’t take up a lot of space and can be installed on walls, making them perfect for homes with limited space.
- Longer Lifespan – Tankless water heaters outshine traditional heaters with their extended lifespan – nearly 15 years, based on your home’s water type, usage, and maintenance.
Energy Efficiency of Tankless Water Heaters
According to energy.gov, homes with tankless water heaters can enjoy up to 34% energy savings compared to storage tank heaters. If you use a large amount of hot water each day, a tankless water heater could be your best bet. Despite the higher upfront costs, you’ll realize its value in the form of energy savings each month.
The Cost Perspective of Tankless Water Heaters
It’s crucial to consider all costs included in having a tankless water heater:
- Initial costs are typically higher for tankless water heaters.
- You’re likely to see more monthly savings due to their energy efficiency.
Tankless Water Heaters are Ideal for
- Given their unlimited supply of on-demand hot water, tankless water heaters work well for larger families or big houses.
- They’re also a preferred choice for homes with a hot tub or soaking tub.
Familiarizing yourself with the fine details of tank versus tankless water heaters is so crucial to make an informed choice best suited for your home. Luckily, you actually don’t have to make that decision entirely by yourself. You can rely on our expertise to help guide you in the right direction.
As always, we’re here to answer any remaining questions. Feel free to reach out to Huber Heights Plumbing & Drain by calling us at (937) 764-3381, or schedule an appointment online now by clicking here!