Even though a water heater is a costly investment, you use this appliance for more than a decade. So when the time comes to replace the current one, the question arrives, if you want a storage water heater or an eco-friendly tankless water heater?
So before you buy a new water heater for your house, you need to consider the longevity and cost efficiency of the new equipment. Let’s take a look at the pros and cons of the tankless and tanked water heater so you can make an informed purchasing decision.
Tanked Water Heater Vs Tankless Water Heater: Initial Cost
Installing a tankless water heater initially costs more than a tank water heater. Installing a tank water heater costs homeowners around $1000 for equipment and installation. On the other hand, a tankless water heater costs a few thousand dollars for equipment alone.
A tankless water heater has a retrofit. So it adds more work to your plumber. They will need to relocate pipes, gas lines, etc. So the installation costs more for a tankless water heater than a tank model.
Even though a tankless water heater costs more initially, it saves more energy than a tank water heater. And over a period of time, the savings generated pay you back for the purchase costs.
Every year homeowners save at least $100 on energy costs while using a tankless water heater than a tank water heater. If your household uses approximately 41 gallons of hot water for daily use, you can save up to 34% on energy with a tankless water heater than a tank water heater.
Tanked Water Heater Vs Tankless Water Heater: Equipment Lifespan
A tank water heater usually has an average lifespan ranging from 10 to 15 years. Where on the other hand, a tankless water heater has a lifespan of 20 to 30 years.
A lot of factors like maintenance and hardness of water can affect the lifespan of the equipment. For a storage water heater, you will have to face some damage risks when it comes to equipment failure. A tank water heater equipment failure may cause flooding which leads to damaging your house. But with a tankless water heater, you are protected from water damage in the case of equipment failure.
Hot Water Usage
The most important thing about a water heater is the availability of hot water. In this category, a tank water heater is a better option than a tankless water heater.
If you choose the right capacity for your tank water heater, you will not have to worry about running out of hot water. And you can also run the dishwasher and washing machine at the same time. On the other hand, a tankless water heater will struggle to keep up with multiple tasks.
Whether you are a resident of Queen Creek, Sun Valley, Sun Tan Valley, Apache Junction, Gilbert, Chandler, Mesa, Phoenix, Tempe, Ahwatukee, and Scottsdale, P&L Plumbing provides fast and affordable service. For more inquiries, you can call us at (480) 649-4400 or visit our website at P&L Plumbing.