Tankless Water Heater vs Hot Water Tank

Choosing Between a Tankless Water Heater and a Hot Water Tank? Many homeowners in Mississauga struggle to decide the best option for their home when it is time to replace their water heater. Both hot water tanks and tankless water heaters each have pros and cons. When deciding which option is best for you, it depends on your lifestyle and budget. Our water heater experts can help you with your decision. We are always here to answer any questions you may have, and we also offer free quotations.

Below is some information to help guide you on the best water heater choice for your home.

Tankless Water Heaters

Tankless water heaters heat water on demand depending on your usage. They are more costly than conventional water heaters, may cost more to install and require more regular maintenance, but they do have many advantages to benefit you. They also qualify for rebates, unlike hot water tanks. Tankless water heaters are environmentally friendly and will save you money in the long run. Provided is a list of their advantages.

• Longer lifetime. Tankless water heaters last 20 years or more if they are well maintained. Water heater tanks have a lifespan of 10 - 15 years.
• Space saving. Hot water tanks require a good amount of space, while the tankless models are much smaller and are attached to a wall.
• Unlimited hot water. This is especially helpful if you have a large family and often find the hot water running out.
• Lower monthly bills. Since tankless models only heat water when used, they take much less energy than a hot water tank that is constantly heating water whether it is being used or not. This is a massive advantage if you are not usually home in the daytime or you often travel.
• Pays itself off. Although tankless models are more expensive to buy, they will pay for themselves over time with energy savings. If you plan on staying in your Mississauga home long-term, it can be in your best interest to choose this option.
• Reduced chance of flooding due to failure. Hot water tanks are known to cause basement flooding when they break down. Tankless water heaters have fail-safes in place to prevent flooding from occurring if the unit fails. This is important if you have a finished basement. Flooding has the potential to cause thousands of dollars in damage.

Hot Water Tanks

Hot water tanks keep a tank of hot water on hand regardless of whether it is in use. Although it isn't cost-efficient in the long term like the tankless models, it does have its advantages and could be the right choice for your home. Even though they use more energy, some efficient models are Energy Star certified. If the following applies to your household, a hot water tank could be ideal for you.

• Short term budget friendly. Hot water tanks use more energy, but they are less expensive. Going with a conventional water heater can make more sense if you have a tight budget.
• Small family. If you only have a couple of people in your household, a tank should serve your needs since there is less demand for hot water.
• Space saving isn't a concern. If you don't mind having a larger unit taking up space, this option could be for you.
• Usually are at home. Hot water tanks heat water around the clock, so if you are someone who stays at home during the day, they can be practical.
• Planning on selling your home in a few years. If you are not planning on staying in your Mississauga home for the long term, it can be wise to choose a conventional water heater. They cost less to buy, and a tankless water heater will take several years in energy savings to make up the extra cost.

Why Choose Us?

Our tankless water heater experts are professional and top-notch. We will always give you an honest answer and provide you with all of the information you need to make an informed decision. We offer free quotations for clients in the Mississauga area and will never put you under pressure, so do not hesitate to contact us for all of your tankless water heater needs.