When it comes time to replace your home’s water heater, you may be wondering whether you should choose a tankless or tank water heater. You may be wondering, “Do I know the difference between tankless water heaters and tank water heaters?” If not, don’t worry, you are not alone. Both types of heaters have their pros and cons. It’s important to understand those pros and cons so that, when choosing how to heat your home in the cooler months this coming year, you may make an informed decision for yourself and your family on which works best for your needs. Below, we will discuss the key differences between traditional tank and tankless water heaters. We’ll take a look at the pros and cons of each type so that you can decide which is right for you.
Tank water heaters are the most common type of water heater. They are reliable and easy to install, and they have an affordable upfront cost (approx. $1000). However, tank water heaters may have a shorter lifespan than tankless water heaters, and they can lead to higher energy usage overall. If you’re looking for an affordable water heater with a straightforward installation process, then a tank water heater may be the way to go.
Tankless water heaters are a newer type of water heater though, by now, they’ve been on the market for several years and are still only growing in popularity. They’re called “tankless” because they don’t have a tank like traditional water heaters do. Tankless water heaters are known for their energy efficiency and space-saving qualities, and they also tend to have longer lifespans than their traditional tanked counterparts. On the other hand, initial installation of tankless water heaters can be very costly – around $3,000, on average – and may require structural changes to your property. If these sound like barriers that can’t be overcome, you may want to stick with a traditional tank model. If, however, you’re more concerned about energy efficiency and long-term costs, then a tankless water heater may be the better option for you.
In general, single homes and smaller industrial properties may benefit more greatly from tankless water heaters while larger homes and commercial properties may be better off with tank heaters as the tank serves as a holding reservoir for larger amounts of water that may be needed simultaneously or more rapidly from multiple sites in a larger facility. Both water heating systems, however, can be beneficial to any property owner – the choice depends on your unique blend of budget, space, location, and consumption.
When it comes time to replace your home’s water heater, it’s natural to wonder whether you should choose a tankless or tank water heater. We have looked at the key differences between traditional tank and tankless water heaters. We have taken a look at the pros and cons of each type so that you can decide which is right for you. Sometimes the tried-and-true tank is the way to go and sometimes HVAC installation is simply a tankless job. No matter which type of water heater you choose, be sure to do your research and ask a professional for help so that you can make the best decision for your home.