Looking to install a water heater and you do not know if you should go tankless? Keep reading to find out what may be a better fit for you.
A traditional water heater holds about 30 – 50 gallons of water that is ready to be heated. As you use the water it gets filled back up and re-heated for the next run of hot water. A tankless water heater takes cold water and heats it as you need it. This is done either through gas or electric and has no need for a storage tank. This will obviously give you a little more room as you will not need a large tank to store water.
The cost of a traditional water heater installation can be half the price of installing a tankless heater. However, you will spend more on your utility bill with a tanked water heater due to the fact that you will be heating the water regardless of your usage. Also, they will take up more space as they will need to store the 30- 50 gallons of water. Another con that we are all used to with a tanked heater is that they can run out of hot water!
With a tankless water heater you can save money in the long run. If your daily use is less than 40 gallons of hot water you can save up to 35% on your utility bill. One of the best things about going tankless is that you get hot water on demand and it does not run out. It can deliver 2-3 gallons of hot water a minute. Another pro to going tankless is that they last longer than traditional water heaters. A tankless heater can last for more than 20 years where as a traditional water heater lasts about 8-12 years. On th econ side it is more expensive to install a tankless water heater but, you can make up for that with the energy savings.
A tankless water heater is a great purchase if you can afford the upfront costs and you can wait for the savings on your utility bill to make up the difference.