When you’re looking to replace your water heater, it’s important to know the different types of factors between tank and tankless models—such as installation differences, overall costs differences, energy efficiency difference, and even water usage differences.
Like many things, both options have their pros and cons. There isn’t a one-size-fits-all water heater that suits everyone. Each household has unique needs that will determine the best model for you. So, let your professionals at Cincinnati Plumbing & Drain help you identify those needs and explain the advantages and disadvantages of each type of water heater.
Why Choose a Tank Water Heater?
Tank water heaters, also called storage tank water heaters, are the most common type in homes. These heaters consist of an insulated tank that holds, heats, and stores hot water until you need it. They typically run on electricity or natural gas and come in sizes ranging from 30 to over 75 gallons for residential use.
Here Are the Benefits of Tank Water Heaters:
- Easier and quicker installation: Tank water heaters are simpler to install, making them more budget-friendly upfront.
- Large hot water storage: They can hold a significant amount of hot water, ready for use whenever you need it.
- Low maintenance: Keeping up with a tank water heater is easy—just follow a regular flushing schedule. You can do it yourself or hire a plumber.
- Lifespan: With proper care, a tank water heater can last between 8 to 10 years.
What About the Energy Efficiency of Tank Water Heaters?
Some storage tank water heaters are designed and insulated so well that they can reduce standby heat loss, which in turn lowers your monthly energy costs. This highlights the importance of choosing the right water heater for your home.
All Costs That are Involved with Tank Water Heaters:
When considering tank water heaters, it’s essential to look at all associated costs.
- Tank water heaters have lower initial costs.
- They require less maintenance.
- Their simple design leads to lower repair costs.
Who Are Tank Water Heaters Best for?
These water heaters have a limited supply of hot water based on the size of their tank, making them most suitable for small to medium-sized families.
Why Choose a Tankless Water Heater?
Tankless water heaters, or on-demand water heaters, use efficient burners to heat water as quickly as needed, providing it instantly. With a tankless system, there’s no need for storage. Typically, these heaters run on either electricity or gas.
Here Are the Benefits of Tankless Water Heaters:
- Unlimited hot water: With a tankless water heater, you won’t have to worry about running out of hot water. These “on-demand” heaters provide continuous hot water as long as there is fuel or power available. In contrast, traditional water heaters store a set amount of hot water, and once it’s used up, you have to wait for the tank to refill and heat more.
- Space-saving design: Tankless water heaters are usually mounted on walls, which means they take up less floor space. This is especially useful for smaller homes where every square foot counts.
- Longer lifespan: Tankless water heaters can last up to 15 years, depending on your water quality, usage, and maintenance. In comparison, traditional water heaters typically last around 8-10 years. Choosing a tankless water heater means you’ll replace your unit less often, which can save you money over time.
What About the Energy Efficiency of Tankless Water Heaters?
Per energy.gov, homes with tankless water heaters can enjoy energy savings of up to 34% compared to traditional storage tank heaters. If your household uses a lot of water daily, a tankless water heater could be the best choice for you.
Additionally, it’s important to remember that while the initial costs of energy-efficient water heaters may be higher than those of storage tank models, you’ll save money in the long run through monthly energy savings.
All Costs That are Involved with Tankless Water Heaters:
It’s important to look at all the costs associated with tankless water heaters.
- Tankless water heaters come with higher initial costs.
- However, they offer better monthly savings because they are more energy-efficient.
Who Are Tankless Water Heaters Best for?
- These water heaters provide an endless supply of hot water, making them great for larger homes or families.
- They are also a good choice for homes with a hot tub or soaking tub.
Understanding the differences between tank and tankless water heaters is key to making an informed decision that suits your household. We genuinely hope this has answered your questions and offered helpful insights to guide you in the right direction.
We’re here to answer any questions you might have. As always, feel free to reach out to Cincinnati Plumbing & Drain by calling us today at (513) 463 – 6947, or schedule an appointment online now by clicking here!
