Which is better: Tank or Tankless Water Heaters?

Are you considering replacing the water heater in your home? Or maybe you are building a new home and debating if a tank or tankless water heater better fits your needs?

Luckily, there are a number of factors homeowners can decipher from. Here are the components of each heater!

Conventional Water Heaters:

Tank water heaters are more of the “original way” to conveniently having a surplus of hot water stored in your home. Tanks store up to 30-60 gallons of hot water and vary in size depending on how many gallons it stores. Tanks are around five feet tall so space for installation is required. But, tank style is less expensive to install versus tankless and last 10-12 years.

Conventional Efficiency and Installation: 

• The annual cost to operate a gas tank water heater is around $245 VERSUS the annual cost to operate an electric tank water heater is around $580.
• Tanks are less expensive to install ranging from $500-$1,000 depending on the tank size.

On-Demand Water Heaters:

Also known as “on-demand” water heaters. Tankless water heaters are mounted onto a wall and the water is heated as it passes through the pipes. Gas tankless water heaters require preventive maintenance about once a year versus none for tank style or electric tankless. Tankless heaters can last up to 20 years!

Again, there is no tank for tankless water heaters as you are paying for what you are actually using!

Tankless Efficiency and Installation:

• Tankless Gas Heaters cost around $195 annually to operate AND electric models cost around $580 annually.
• The higher cost of electricity makes the electric tankless more costly to operate versus gas.
• Also to consider, tankless heaters cost a little more to purchase and install. Some models range from $525-$1,150 upfront with installation ranging from $800-$1,500. Tankless water heater models vary on the basis of brand and labor components.

 

Tank or Tankless Water Heaters in Greenwood or Indianapolis. Which is Heater is Better for You?

Obviously, we all want the best product that is going to work GREAT for a LONG time for a LOW price. So, how do you decide? Here are some discussion points:

• If you are replacing a tank heater in your home, it will likely be less to replace it with another tank heater than pay for and install a tankless heater. And the water heater installation will only take a few hours so you can get hot water in the same day.
• If you are building a new home though, you may consider going tankless if you are willing to pay the more expensive upfront price. But look forward to your payback in savings in about 20 years.
• Tankless heaters require way less space than tank heaters.

CALLING A PROFESSIONAL

You may have attempted these at home repairs but your toilet is still not flushing.  Here at Carter’s My Plumber, we are committed to meeting the needs of your customers.  We are licensed plumbers in Indianapolis area, knowledgeable, friendly, and will always give you a price before any work begins. Don’t hesitate to give us a call today @ 317-859-9999 or email us @ info@cartersmyplumber.com we will be happy to send a licensed professional.  We are here for you and hope you will entrust us with your plumbing needs!