If you’re shopping for a new water heater, you should consider two main types: tank and tankless water heaters. It’s important to know your options and understand how they differ. Each type has its own pros and cons, so a “one size fits all” approach doesn’t apply here. Every household has its own specific water heating needs.
Let your local Narrow Path Plumbing experts help you understand the pros and cons of each type so you can confidently make an informed decision for your home.
All About Tank Water Heaters Revealed
Tank water heaters, also known as storage tank water heaters, are the most common type found in homes. They have an insulated tank that heats and stores hot water until you need it. These heaters typically use electricity or natural gas and are available in various sizes, from 30 to over 75 gallons for home use.
Perks of Using Tank Water Heaters
- Easy Installation: Tank water heaters are quick and easy to install, which means lower upfront installation costs for you.
- Storage Capabilities: These heaters can hold large amounts of hot water and are always ready for use, thanks to their “heat and hold” feature.
- Maintenance Requirements: Maintenance is straightforward; these water heaters usually just need regular flushing, which you can do yourself or hire a plumber for.
- Extended Lifespan: With proper care, a tank water heater can last 8 to 10 years, which is quite impressive!
The Efficiency of Tank Water Heaters
Some storage tank water heaters are designed with excellent insulation to reduce standby heat loss. This can help lower your monthly energy costs, making it crucial to choose the right water heater for your home.
The Cost Perspective of Tank Water Heaters
When looking at tank water heaters, it’s important to consider all the costs involved:
- Upfront costs are usually lower with tank water heaters.
- They require less maintenance.
- Repair costs are usually lower because they are simpler in design.
Tank Water Heaters are Ideal for
- Tank water heaters are ideal for small to medium-sized families because their hot water supply is limited by the tank size.
All About Tankless Water Heaters Revealed
Tankless water heaters, or on-demand water heaters, use efficient burners to heat water quickly whenever you need it, providing an endless supply of hot water instantly. As the name implies, they don’t need a storage tank and are usually powered by electricity or gas.
Perks of Using Tankless Water Heaters
- On Demand Supply – Tankless water heaters provide hot water whenever you need it, which is why they are known as “on-demand” water heaters.
- Storage Space – They are compact and can be mounted on walls, making them ideal for homes with limited space.
- Longer Lifespan – Tankless water heaters last longer than traditional heaters, often up to 15 years, depending on your home’s water quality, usage, and maintenance.
Energy Efficiency of Tankless Water Heaters
According to energy.gov, homes with tankless water heaters can save up to 34% on energy costs compared to storage tank heaters. If you use a lot of hot water daily, a tankless water heater might be the best option for you. Although the initial cost is higher, you’ll see monthly savings on your energy bills that make it worthwhile.
The Cost Perspective of Tankless Water Heaters
When considering a tankless water heater, it’s important to look at all the costs involved:
- The initial price is usually higher for tankless models.
- However, you can expect to save more on your monthly bills because they’re more energy-efficient.
Tankless Water Heaters are Ideal for
- Tankless water heaters provide an endless supply of hot water, making them ideal for larger families or big homes.
- They are also a popular option for houses with a hot tub or soaking tub.
Getting to know the details and differences between tank and tankless water heaters is important for making the best choice for your home. Fortunately, you don’t have to make this decision alone. You can count on our expertise to guide you in the right direction.
As always, we’re available to address any lingering questions. Feel free to reach out to Narrow Path Plumbing today at (937) 623-2619 or schedule an appointment online now by clicking here!
