It is very important to know the difference between a tankless and traditional water heater. Traditional water heaters are tanks that store between 30 to 50 gallons of water. The water in the tank is preheated and used whenever someone runs the water for a number of different reasons but the most common reasons are bathing, washing or doing the dishes. After the water in this tank is used, it refills itself again and waits for its next use.
Tankless water heaters use an electric or gas source to heat up the water on an as you need it type of system rather than a storing system.
It is a good idea to know as much as you can about anything that you may be purchasing so that you can have the necessary knowledge to make the right purchasing decision for you and your family especially, when it comes to your waters heating source.
The pros to having a traditional water heater are:
The initial costs are lower. A traditional water heaters installation can be half as much as a tankless water heater.
The traditional water heaters are easy and inexpensive to replace. Less installation complications mean that there is less can go wrong.
The cons to the traditional water heater are:
Your utility bill is higher because the water has to be heated and reheated at a certain temperature regardless as to if you need the water or not. This is what increases your utility bill and especially in the winter months.
These tanks are bigger and harder to place because of the amount of space that they occupy and they cant be placed outside.
They run out of hot water, now, if you get a larger tank then this is not something that you will have to worry about but this will affect your bill much more.
The traditional water heaters life span is only about 10 to 15 years. They would need to be bought twice as often as a tankless water heater.
Here are the pros and cons of a tankless water heater:
Saves you more money in the long sun.
Requires minimal space and can be installed outside on a wall.
Lives longer by about 5 or more years than a traditional water heater.
Delivers hot water on demand
The cons are:
Depending on the model and where the water heater is purchased it can be far more expensive. The installation is more complicated so; the installation cost will be more.
Now that you know what your options are and their pros and cons, you should feel more confident with choosing a water heater that best fits your usage, life and budget. If you handle the high costs of buying a tankless water heater then you can save yourself more money in the long run. If money is no issue then you may gravitate more toward the tankless water heater but for those that have a limited income the traditional water heater makes more sense.
No matter which water heater that you choose, the most important thing is that you will have hot water and they both provide that.
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