Choosing Between a Hot Water Tank and a Tankless Water Heater
Many homeowners struggle to decide what is 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 their own pros and cons. When deciding which option is best for you it really depends on your lifestyle as well as 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 you often find the hot water running out.
- Lower monthly bills. Since tankless models only heat water when being used they take much less energy than a hot water tank which is constantly heating water whether it is being used or not. This is a huge 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 the energy savings. If you are planning on staying in your home long term it can be in your best interest to chose 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 failsafes 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 at all times regardless if it is being used or not. Although it isn't cost efficient in the long term like the tankless models it does have it's advantages and could be the right choice for your home. Even though they use more energy there are efficient models that are Energy Star certified. If the following apply to your household then a hot water tank could be ideal for you.
- Short term budget friendly. Hot water tanks do use more energy but they are less expensive to purchase. If you have a tight budget it can make more sense to go with a conventional water heater.
- Small family. If you only have a couple people in your household a tank should serve your needs just fine 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 then 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 home for the long term then it can be wise to choose a conventional water heater. They cost less to buy and a tankless water heater will take a number of years in energy savings to makeup the extra cost.
Why Choose Us?
Our 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 and will never put you under pressure.