Questions to ask when deciding on a tank vs. tankless water heater:
- What is your budget?
Tankless options will have a higher install cost up front. Sometimes the monthly savings may not justify the higher costs.
- What is the households average water consumption?
Tankless you won’t ever run out of hot water as long as you aren’t running every single appliance and shower all at the same time. But on the flip side your water consumption can increase when you know you have access to unlimited hot water.
- Are you concerned about energy consumption?
With so many options, there are high efficiency tanks that can offer 90-96% efficiency rates that compare to tankless option.
- Is saving space a key priority?
This is a big pro of the tankless option. Want that extra square footage in your basement? Tankless can give you that.
- Do you want a lower maintenance option?
Some tankless options require annual maintenance, manufacturers may even suggest this to be done by a professional. Conventional tank options typically are lower maintenance. With proper maintenance, though, tankless water heaters can last around 20 years compared to the 10 to 15-year lifespan of some tank options.
The pros and cons will be different for everyone. Each household has different priorities and different budgets. Call us if you have more questions or need help evaluating which option is best for you!