|Posted on May 3, 2015 at 10:45 PM|
One of the latest buzzes in home energy efficiency has been Tankless Water Heaters. Not only do they save you money on your energy bills, but they also promise immediate hot water. Both are excellent things, but tankless water heaters aren’t for everybody. For some people, tank water heaters may in fact be the best option. So our goal today is to clear up a few thing when it comes to water heaters, both tank and tankless, so that you can be the informed consumer that you should be.
Tankless Water Heaters
Let’s take a look at the pros and cons of tankless water heaters first and then we’ll compare them to tank water heaters.
It’s no doubt that tankless water heaters are a step forward in home technology. Not having to wait for your morning shower to heat up is quite a nice convenience. They are convenient, yes, but are also efficient. They are able to save you up 40% on your energy bill. Now that’s some serious dough!
Not only will they save you some money, but they’ll save you some space as well. Actually, they’ll save you quite a bit of space. Tank water heaters are around 60” tall by 24” wide. Tankless water heaters on the other hand are around 28” tall by 20” wide by 10” deep and are usually mounted on the wall.
And finally, it is estimated that they can last up to twice as long as a tank heater. Standard water heaters usually last between 10-13 years, but tankless heaters can last up to 20+ years.
Now let’s tackle the con’s!
The biggest and most focused on con of tankless water heaters is definitely the cost, which is a valid point. Tank water heaters cost anywhere between $500-$800, while a tankless water heater will set you back a solid $2,000. Yikes. That’ll put a pretty big dent in your wallet. Another con is that because they are
such costly items, they are not always readily available for installation, so they may need to be specially ordered for installation. A tankless water heater is definitely an investment, though it may not be something that every household should invest in.
Tank Water Heaters
Alright, now let’s take a look at what tank heaters can do for us.
Tank Water Heaters
Well, this shouldn’t be much of a surprise but, the price of a tank water heater is significantly less than that of a tankless water heater. They are also much more commonly installed, so if your heater does have a problem, it is more likely to be quickly fixed or replaced than a tankless water heater.
Also, as technology continues to advance, we are seeing water heaters becoming more and more energy efficient. The number of energy efficient water heaters has grown significantly in the past 5 years and many may be good alternatives to tankless water heaters.
Tank water heaters are less efficient than tankless heaters. There’s no getting around that fact. They also take up quite a bit more space due to the bulky size.
But probably the biggest con against tankwater heaters is that fact that they don’t provide immediate hot water and they do tend to run out of hot water faster than a tankless water heater.
Well, with both sides taken into consideration, we’re going to be cliche and say that “It depends on what you need it for.” It really does though! A tank water heater would most likely be the best option for a small family that doesn’t have a large disposable income. They are cheaper than tankless heaters and there are now many that quite energy efficient.