Water Heater Installation Costs | Price to Replace a Hot …

Tank vs. Tankless There are two different types of water heaters: tank and tankless. A tankless water heater produces water "on demand" by heating the water as you need it. A tank style water heater heats the water that is kept in a storage tank. The larger the water heater tank, the more hot water it can store. Financially, tankless water heaters have many advantages. Since they heat water as you need it they tend to save you money on energy bills.

A tank style water heater that is drawing from stored water can then require heating and reheating of the same tank of water as it cools. Tankless water heaters also tend to last longer than the tank variety. They can last as long as 20 years, where tank style water heaters have a life of closer to 12 years.

The drawback of a tankless water heater is that it can only heat so much water at any given time. So in households with many people, a tankless water heater can leave a lot of people with a cold shower in the morning. It is also virtually impossible to do two water heavy tasks at the same time such as running the washing machine and the dishwasher simultaneously. You can install two or more tankless water heaters or separate ones for your appliances so you have more hot water, but this may not help with energy efficiency in the home.

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Water Heater Installation Costs | Price to Replace a Hot ...