If a customer is looking to eliminate the footprint of a storage tank entirely a tankless water heater may be their best option.
Tankless water heater vs tank.
Tankless water heaters if gas fired will save homeowners over 100 annually the longer they remain in service.
You re not constantly heating a tank in anticipation of needing it you only use energy when you use hot water.
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.
Tankless water heaters are as much as 34 more efficient thank tank models according to the energy department.
Water heaters with tanks.
Tankless water heaters are more compact and can heat up water as you use it.
Either a gas burner or an electric element heats the water.
It uses high powered burners to rapidly heat water as it runs through a heat exchanger and deliver it directly to your faucets or shower without storing it in a tank.
Tankless water heaters have a higher purchase cost than a traditional storage tank.
There s one key reason for that.
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.
In contrast storage water heaters last 10 15 years.
One of the first things to consider is whether you should get a tank or tankless water heater.
Tankless water heaters heat water directly without the use of a storage tank.
Whereas traditional water heater installation costs around 500 tankless installation costs double or more.
Propane storage tanks efficiency and smaller size can free up valuable space.
Plus the larger electric tank will experience greater standby losses due to its greater surface area.
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 can avoid the standby heat losses associated with storage water heaters.