Tank vs. Tankless Water Heaters: The Good and The Bad

Here is a quick and simple comparison between tank and tankless water heaters from Incredible Renovations

The Good

•  Tankless water heaters are about 10 to 20% more energy efficient than traditional tank water heaters.
•   Tankless water heaters can take up less space than tank water heaters.
• Tankless water heaters typically outlast tank water heaters.
• Tankless water heaters don`t use energy until hot water is being used.

The Bad

• Tankless water heaters cost roughly two to three times more than tank water heaters.
•  Due to the initial high cost of buying a tankless water heater, it could take about 20 years in order to start saving money when switching from a tank water heater. By then, the heater will need replacing.
• Tankless water heaters work best when only one water tap is using hot water.
• If water taps are far apart from each other, it is recommended to buy another tankless water heater.
• Water does not instantly heat up when using a tankless water heater, but does with a tank heater.
• With tankless water heaters, water may not heat up if water is only trickling out of the tap.
• Tankless water heaters require yearly maintenance in order to remain efficient.

 
First published here:  Tank vs. Tankless Water Heaters: The Good and The Bad