Tankless Water Heaters VS. Storage Tank Water Heaters
Known as one of the most vital pieces of equipment in your home, your water heater plays a huge role day in and day out. And while it seems as if your water heater may last forever, that couldn’t be further from the truth — so you may be tasked with finding a new model to replace it when you least expect it.
Before making your selection for a replacement, here are the pros and cons of tankless and storage tank water heaters.
Tankless Water Heaters
Unlike storage tank water heaters that continuously heat water around the clock, tankless water heaters heat water on-demand — and only warm up the exact amount of H2O they need. Knowing this, you can look forward to about a 24 percent reduction in the amount of energy used each month.
Pro: Longer Lifespan
With annual maintenance and care, a tankless water heater can run laps around a storage tank water heater. Typically, a “healthy” tankless model can last about ten years longer than a traditional water heater.
Pro: Small and Compact
If your home is quite small, you’ll do anything in your power to save as much room as possible. And if you have a storage tank water heater in place, there’s a chance it’s protruding out from the wall and taking up some virtual space.
Luckily, a tankless water heater is a perfect solution. Unlike a traditional water heater, a tankless model is small and is mounted to the wall. This means that the unit will be up and out of the way, not taking away any precious floor space.
Con: Costs More Upfront
Unlike a traditional storage tank water heater, a tankless water heater will cost a tad more upfront — depending on the size of the unit, as well as what type of fuel it will rely on to heat your home’s water supply.
While this may be startling at first, having a tankless water heater will pay off in the long run — since this unit will cut back on your overall energy consumption.
Storage Tank Water Heaters
Pro: Enjoy Hot Water Immediately
Because your storage tank water heater is continuously warming H2O around the clock, you can look forward to being supplied with hot water immediately. Although tankless water heaters will heat water on-demand, it can take some time if you have more than one plumbing-based appliance running at once.
Pro: Can Handle Your Current Power Load
Unlike tankless water heaters that may require a new circuit to help them operate safely and efficiently, storage tank water heaters can operate on the preexisting electrical power situation present in your home.
Pro: Cheaper Upfront
As noted earlier, although tankless water heaters will help you cut back on your energy consumption, those are a tad more expensive upfront. However, traditional storage tank units are relatively inexpensive and are the perfect solution for many budgets.
Additionally, with proper annual maintenance (i.e., having it flushed), you’ll be able to keep your water heater around for quite some time.
Con: It Uses More Energy
Remember how we said that storage tank water heaters warm H2O around the clock? While it’s the perfect solution to have hot water readily available at your beck and call, all of that heating can result in higher energy consumption at home — which may be frustrating when reflected in your monthly utility bills.
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