The Different Types of Water Heaters: Tank vs. Tankless

Sep 1, 2024 | Water Heater, Energy-Efficiency, Installation, Lifespan, Maintenance, Overall Cost, Price, Storage, Tank, Tankless

When you’re shopping for a new water heater, it’s important to understand the difference between tank and tankless options. Like most things, each has its perks and drawbacks. Unfortunately, there’s no one-size-fits-all water heater that works for everyone. Every household has unique needs that will influence which model is best for you. Let your friendly experts at Five Star Dayton Plumbing help you discover what those needs are and guide you through the pros and cons of each type of water heater! 

Tank Water Heaters  

Tank water heaters, also called storage tank water heaters, are the most popular choice for home use. These handy units are insulated tanks that hold, heat and store hot water until you need it. They typically run on electricity or natural gas and come in sizes ranging from 30 to 75+ gallons—perfect for any household! 

The Benefits of Tank Water Heaters:  

  • Easier and quicker installation process: Tank water heaters are super simple to install, which makes them more budget-friendly right from the get-go!  
  • Stores large amounts of hot water: These heaters can hold a good amount of hot water, so you always have it ready when you need it.  
  • Minimal maintenance requirements: Keeping up with maintenance on a tank water heater is a breeze! Just follow a regular flushing routine, and you can do it yourself or have a plumbing pro take care of it for you.  
  • Lifespan: With a little TLC, your tank water heater can last anywhere from 8 to 10 years! 

The Energy Efficiency of Tank Water Heaters:  

Some storage tank water heaters are impressively designed and expertly insulated, significantly reducing standby heat loss and lowering your monthly energy costs. This is just one more reason why selecting the right water heater for your home is essential for both comfort and savings! 

The Price of Tank Water Heaters:  

When it comes to tank water heaters, it’s crucial to weigh all the costs involved!  

  • Enjoy the budget-friendly upfront investment with tank water heaters.  
  • Say goodbye to high maintenance expenses—these heaters keep it simple!  
  • With their straightforward design, repairs are a breeze and cost less, too!  

Tank Water Heaters Are Best for:  

Traditional water heaters have a limited supply of hot water, constrained by the size of their tank, making them ideal for small to medium-sized families.  

Tankless Water Heaters  

Enter tankless water heaters! Also known as on-demand water heaters, these innovative systems use highly efficient burners that heat water instantly as you need it. No more waiting for a tank to refill—enjoy hot water whenever you want! Plus, with tankless options, you won’t need to sacrifice space for storage. Powered by either electricity or gas, tankless water heaters offer convenience and efficiency for modern households. Say goodbye to lukewarm showers and hello to limitless hot water! 

The Benefits of Tankless Water Heaters:  

  • Endless hot water: With a tankless water heater, you’ll never have to worry about running out of hot water! That’s why they’re called “on-demand” water heaters. Unlike traditional models that store a limited amount of hot water (and leave you waiting for the tank to refill), tankless systems give you continuous hot water as long as there’s fuel or power to keep it running. 
  • Space-saving design: Tankless water heaters are great because they don’t take up much room! Usually mounted on walls, they save valuable floor space, making them perfect for cozy homes where every inch counts. 
  • Longer lifespan: Did you know that tankless water heaters can last up to 15 years? Of course, this depends on your water type, usage, and how well you maintain them. In contrast, traditional water heaters typically last around 8-10 years. So, by going tankless, you won’t have to replace your unit as often, which can help you save some cash in the long run! 

The Energy Efficiency of Tankless Water Heaters:  

According to energy.gov, using tankless water heaters can help your home save up to 34% on energy costs compared to traditional storage tank heaters. So, if your household goes through a lot of hot water each day, a tankless water heater could be a fantastic choice for you! 

Plus, keep in mind that while the upfront cost might be a bit higher than that of a storage tank heater, the energy-efficient benefits will pay off in the long run with monthly savings on your energy bills! 

The Price of Tankless Water Heaters:   

It’s super important to think about all the costs when considering tankless water heaters!  

  • While tankless water heaters do have higher upfront costs,  
  • They can save you money each month thanks to their energy efficiency. 

 Tankless Water Heaters are Best for:  

  • With their endless supply of on-demand hot water, these water heaters are perfect for larger homes or big families!  
  • They’re also a great choice for houses with a hot tub or soaking tub. 

Understanding the ins and outs of tank and tankless water heaters can really help you make a confident and informed choice that suits your household best. We do hope that this information has answered many of your questions and offered some valuable insights to guide you in the right direction! 

We’re always here to help with any questions you might have! Feel free to reach out to Five Star Dayton Plumbing by calling us today at (937) 230-6506, or schedule an appointment online now by clicking here!