tankless water heaterThere is no mistaking that a hot water heater is an essential piece of equipment to have in your home. If you are in the market for a new hot water heater, you have two choices: traditional or tankless. Each kind has its pros and cons. As a smart consumer, you will need the essential information about each to make your decision. When you begin shopping for your new hot water heater, keep the following points in mind.

 Traditional water heater basics

A traditional water heater holds 30-50 gallons of water at one time. It stores preheated water so it is ready to use when someone in the house needs to wash the dishes, take a shower or anything else that requires the use of hot water. The tank then refills and begins the preheating process again.

 Tankless water heater basics

Since there is no tank to store preheated water, a tankless system relies on a source such as electricity or gas to immediately heat supplied cool water whenever it is needed.

 Pros of traditional water heaters

Using a traditional water heater has some advantages. First, the initial financial output is lower than a tankless water heater. If there is an issue, most standard tank water heaters can be repaired quickly with lower cost parts.

 Pros of a tankless water heater

Tankless water heaters have several advantages. Although the financial output is greater at the outset, you will save money in the long run with this type of system since it requires less energy to use.  The high efficiency tankless water heaters may qualify for local and federal rebates and credits. Also, this type of water heater is small and does not need much space (wall mounted). You will be able to receive an endless hot water supply to multiple fixtures simultaneously and consecutively. Tankless hot water systems also have a longer lifespan (averaging over 20 years) than traditional water heaters do as well.

 Cons of traditional water heaters

When you have a traditional water heater in your house, you can expect to have higher monthly utility bills, particularly in the winter. They are also large and cumbersome, so it can be difficult to find a good place to put them where they will not be in the way in your house. Further, they can easily run out of water, which can be distressing to the last person who needs to take a shower. Traditional water heaters also have a short lifespan, as they last approximately 10 years.

 Cons of tankless water heaters

Tankless water heaters can be expensive to purchase and install. The initial cost can run over $4,500. This cost can be compounded if the unit needs be retro-fitted into your existing space if you are replacing a traditional system.

The type of water heater you choose is largely dependent upon your needs, and you cannot go wrong with either type. If you need assistance choosing the best water heater to suit your family, contact Home Heating Service today. We can help you make the best choice.

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