Water Heaters: Tankless or Storage Water Heaters

The water heater is one of the most important parts of your home, so replacing it is certainly no easy task. Of course technology has changed a lot through the years, and one of the newest options in water heaters is the tankless variety. So should you stick with a standard storage water heater or should you go for a tankless one instead? This guide will help you figure it out.

Storage vs. Heating As You Go

Tankless water heaters heat up the water as you use it, while storage water heaters hold hot water until you need to use it. This is an important distinction because tankless water heaters tend to be more cost-effective to own. They only heat water when you need it, so you only pay for hot water as you need it. However, if you have a storage water heater, you have to pay costs to actually store it as hot water. This adds money onto your heating bill through either electricity or gas costs, depending on the type of water heater it is (electric or gas).

Avoiding Cold Showers

In addition to the added operational cost of storage water heaters, you also have to deal with the issue of running out of hot water. Each unit can only hold a limited amount of hot water. But when you have a tankless water heater, you don’t run out of hot water because the unit heats the water up as you need it. This means that you can put an end to cold showers.

Price Comparison

Now we get to the one advantage storage water heaters have over tankless ones. Storage water heaters have been the standard for a long time, so you will find that they tend to be quite a bit cheaper than the tankless variety. In fact, tankless water heaters can be twice as much as conventional storage water heaters. However, you could save back that extra money pretty quickly. It depends on how much the new tankless water heater saves you on your heating bill.

When comparing the prices of tankless and storage water heaters, it’s important that you ask about the amount of monthly savings you will see on each tankless model. This will help you figure out how long it will take you to save back the extra money you spent on the water heater. Some consumers discover that it takes them longer to save back the extra money they spent on the pricey tankless water heater than the average life span of a water heater. However, the knowledge that you are using a more environmentally friendly way to heat your water may be enough to tip the scales in the direction of the tankless water heater.

It is always helpful to talk to an expert about the advantages and disadvantages of each kind of water heater. There are many different models available, and each has different features. However, understanding the main differences between tankless and storage water heaters is the first step in being able to make a wise decision for your home.

Let the experts at Scott English Plumbing help you figure out if a tankless or a storage water heater is the better choice for your home. They offer complete installation and service for water heaters, as well as 24 hour emergency plumbing service, electronic leak detection, garbage disposal installation and service, and water softener and filter installation and service. Call Scott English Plumbing today to find out how they can help you.