Tankless Water Heater Vs Tank

Tankless water heaters have a higher purchase cost than a traditional storage tank.

Tankless water heater vs tank.

One of the first things to consider is whether you should get a tank or tankless water heater. The cost of a tankless water heater can range anywhere from 2 000 4 500 compared to a storage tank water heater which ranges from about 500 800. According to energy gov for homes that use 41 gallons or less of hot water daily demand or tankless water heaters can be 24 to 34 more energy efficient than conventional storage tank water heaters. Whereas traditional water heater installation costs around 500 tankless installation costs double or more.

There s one key reason for that. Either a gas burner or an electric element heats the water. Most notably a 40 gallon propane storage tank water heater can deliver the same amount of hot water as a 50 gallon electric model. Tankless water heaters heat water directly without the use of a storage tank.

Tankless water heaters are more compact and can heat up water as you use it. Tankless water heaters are as much as 34 more efficient thank tank models according to the energy department. Tankless water heaters can avoid the standby heat losses associated with storage water heaters. Propane storage tanks efficiency and smaller size can free up valuable space.

For most households they can produce a savings of 100 or more every year. While tankless water heaters run more efficiently than storage tank water heaters replacing a tank water heater with a tankless can be expensive and the payback time can be longer than the. However although gas fired tankless water heaters tend to have higher flow rates than electric ones they can waste energy if they have a constantly burning pilot light. Tankless water heaters if gas fired will save homeowners over 100 annually the longer they remain in service.

Water heaters with tanks. You re not constantly heating a tank in anticipation of needing it you only use energy when you use hot water. Plus the larger electric tank will experience greater standby losses due to its greater surface area.