Tankless Water Heater Benefits vs. Standard Water Heater

August 26, 2019

Replacing your water heater is an important, long term investment, and there are many factors to consider. It can be hard to choose between replacing your current water heater with a new standard water heater, or a tankless model. As this is an expensive necessity that you will be committed to for 10-20 years, it’s worth doing a little extra research to make the right decision! 
 
Wondering about the benefits of a tankless water heater vs tank? There are many advantages to consider. Read on to find out more.  
 

How Much Hot Water Does a Tankless Water Heater Provide? 

A tankless water heater can theoretically provide unlimited hot water, as it does not store hot water but heats it as it passes through the system. 2-5 gallons per minute is the average heating rate for a tankless water heater.

This is one of the major benefits to choosing a tankless water heater over a standard water heater, which can only heat the amount of water it can hold, and takes longer to do so. A 50 gallon water heater is the most common standard water heater size. This is a considerable size, providing enough water for 3-5 people to shower within a single hour. However, a larger family is likely to run out at least occasionally, particularly factoring in similar showering schedules and the use of the dishwasher, washing machine and other appliances at the same time.  

 

Will My Water Bill Go Up With a Tankless Water Heater? 

You are more likely to see an impact on your energy bill than your water bill after choosing a tankless water heater. 

One of the main advantages of choosing a tankless water heater vs tank, is that it would be far more energy efficient. One of the main down sides to choosing a standard water heater is that it must store and continuously heat water until it is needed, meaning a lot of energy is wasted. A tankless water heater on the other hand does not create this kind of wasted energy, as water is heated as it flows through the system. 

Reduced energy use means lower energy bills! 

What is the Lifespan of a Tankless Water Heater vs Tank? 

One of the main considerations when choosing between a tankless water heater vs tank water heater is the lifespan of your investment. 

A standard water heater will last a considerable amount of time, between 8 and 12 years, but a tankless water heater should last even longer - around double the amount of time, at about 20 years. The length of this commitment makes the other benefits noted in this article even more important to consider.  

Do the benefits of a tankless water heater outweigh the costs?

Depending on your priorities, it is likely that the benefits of a tankless water heater would outweigh the costs. In terms of tankless water heater vs tank, it is important to consider the following and more:

  • The initial cost of purchase and installation will likely be higher for a tankless water heater.
  • You will probably recoup the costs gradually over the years of reduced energy bills.
  • A tankless hot water heater will potentially last double the amount of time – again making up for initial cost.
  • A tankless water heater may improve your quality of life by providing as much hot water as you need on-demand.
  • A tankless hot water heater is better for the environment as wasted energy is vastly reduced.  

Contact Homeserve Staten Island Today!
 
Ready to choose and upgrade your water heater? We can help. Homeserve Heating and Cooling of Staten Island is the professional team here to provide you with heating, cooling and water heater repairs, maintenance and replacements. Get in touch today for guidance tailored to your needs and a free quote from our team.

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