Is it time to replace the water heater in your home, or are you building a new home? Which is the better option for your home, a tankless water heater or the traditional water heater with a tank? We will discuss the advantages and disadvantages of a tankless system compared to a traditional water heater so you can make the right choice.
The Functional Difference Between Water Heating Methods
A traditional water heater has a large storage tank to hold water. All of the water is heated by either a gas flame or electric heating element and then kept hot for whenever you need it. The water is hot all day while you are at work, while you sleep, and even while you are gone on vacation.
A tankless water heater heat water only as you use it. It can be either gas or electric powered. The big difference is you are not heating water until you turn on the faucet and the water starts to run through the unit. The water is not being heated while you are gone on vacation. There are detailed comparison between the two methods you can find on The Heatersforlife.com.
Cost of Operation – The Tankless Advantage
Your tankless water heater will save you money every month. Since you are only heating water when you need it, you reduce the overall cost of your hot water. You can save between 20 and 50 percent on your fuel costs for heating your water. While the savings are not huge in dollars, they can save you up to $40 to $100 per year.
The secondary advantage is you reduce your carbon footprint by using a tankless heater. It uses less energy so is the cause of less pollution.
Installation Cost – The Tank Advantage
A tankless water heater is a little more expensive to install. A traditional water heater costs around $500 to $800, while a tankless system can cost $2000 or more. That isn’t the entire story, though.
A tankless water system can last up to 20 to 30 years, while a traditional water heater will need to be replaced more frequently. The traditional water heater will have sediment build up in the tank over time and be able to hold less water. As the sediment builds, the tank system becomes less and less efficient this increases the advantages of the tankless system.
Hot Water Output – The Mixed Victory
This is a criterion where it is hard to point to a clear winner. The traditional system has the advantage of having a large supply of hot water to use quickly when you are doing laundry, washing dishes, and someone is taking a shower simultaneously. This volume could challenge many tankless systems.
The flip side of the equation is that a traditional system will slowly get cooler and cooler water as the tank empties and it attempts to keep up with demand. We have all experienced that “empty hot water tank” feeling when the hot water runs out. A tankless system keeps pumping out the hot water since it is an on-demand system.
What is the right answer for your home? A tankless hot water system offers greater value over the long-term, while a traditional system is cheaper at first. If you are planning for the future, a tankless system is the right choice.