Choosing the right water heater for your home makes sure you get the hot water you need without overspending. The right fit can reduce energy consumption, lower your utility bills and provide hot water whenever you need it.
When you’re considering your options, you’ll want to balance cost, efficiency, performance and longevity to make the best decision. In California, that typically means choosing between tank and tankless water heaters. So, let’s take a look at how they operate and explain the pros and cons of each.
How They Work: Tank vs. Tankless Water Heaters
Tank water heaters store hot water in a large tank, keeping water heated continuously so you have hot water whenever you need it. They are available in gas and electric models and produce a large supply of water for your needs. However, if the tank empties out before it reheats, you can run out of hot water.
Tankless water heaters heat water on demand without having to store it in a tank. They feature compact designs that can fit into smaller spaces and are also available in gas and electric models. With a gas or electric tankless water heater, you get a nearly endless supply of hot water.
Key Differences: The Pros and Cons Compared
There are a few key differences and pros and cons of each type that you should consider when making your selection:
Initial Costs
- Tank Water Heaters: Lower upfront costs; higher operating costs
- Tankless Water Heaters: Higher upfront costs; lower operating costs
Tankless water heaters may also have greater potential for rebates and tax incentives to reduce costs.
Installation
- Tank Water Heaters: Requires a dedicated space for the tank.
- Tankless Water Heaters: Compact size fits in smaller spaces.
Efficiency and Operating Costs
- Tank Water Heaters: Reheats water continuously, leading to higher utility bills.
- Tankless Water Heaters: Only heats water when needed, offering greater energy savings.
Performance
- Tank Water Heaters: Can run out of hot water during periods of high demand.
- Tankless Water Heaters: Provides consistent hot water, but may require multiple units for the largest homes.
Lifespan and Maintenance
- Tank Water Heaters: Shorter lifespans of 10-15 years and more maintenance needs due to sediment buildup in tanks.
- Tankless Water Heaters: Lasts up to 20 years and requires less maintenance.
Tank or Tankless Water Heater: Which Is Right for You?
Which water heater system is right for you will depend on the household size and how much water you use, your budget, space availability, and energy efficiency preferences.
For smaller homes with low hot water demands or those on a budget, tank heaters may be an ideal solution. For larger households, those with space constraints, and those looking for long-term ROI from saving on utility bills, tankless heaters are likely your best fit.
Connect with the water heater experts at Payless Water Heaters for an evaluation and to see your options.
Get Expert Guidance From Payless Water Heaters
Whether you’re considering a new water heater installation or need service for your existing one, Payless Water Heaters is here to help. Call us at (888) 548-5632 to consult with our specialists and enjoy hot water in hours, not days!
FAQs
Is it better to have a tank or tankless water heater?
It depends on your needs. Tank water heaters have lower upfront costs but higher operating expenses. Tankless water heaters are more energy-efficient, last longer and provide continuous hot water.
Is it worth replacing a tank water heater with a tankless?
If you’re looking for long-term savings on energy bills, a longer lifespan and space efficiency, upgrading to a tankless system is a good investment.
What is the downside to tankless water?
Typically, the downside is the initial cost, which is more expensive than a tank water heater.
Why don’t more people use tankless water heaters?
Higher initial costs and installation requirements can deter some homeowners, despite the long-term savings and efficiency benefits.
