Quick—if you were to suddenly come into a nice chunk of change, what would you spend it on? Let us guess.
A new water heater!
No? Well, different strokes for different folks. Okay, even we’ll admit that a new water heater isn’t the most exciting purchase, but it’s among the most practical. And if you’re in the market for a new water heater, then you are probably trying to figure out if a tank or tankless model is right for you.
That’s good news, because today we’ll be diving into the pros and cons that each has to offer. Remember, there’s no such thing as a water heater that’s the perfect fit for everyone. With a little research and guidance from our pros, though, you’ll find the water heater in Corona that’s right for you.
There is one thing that everyone notices as soon as they start doing some research on available water heater options. That is the fact that tank water heaters have a lower price tag than tankless water heaters do. If you are particularly frugal then—well, it’s actually not that simple.
If your cash is strapped and you really need a new water heater now, then financially a tank water heater may be the best option. But if you have some money to spend, and you’re thinking of a long-term investment, the higher price tag on a tankless model really is justified.
Standby energy loss is something we’ve talked about here before. It refers to energy lost as heat in the water transfers through the water heater tank. Even with modern, well-insulated tanks, some heat does transfer through. With a tankless system, you completely eliminate that risk, meaning that you save money over time.
If you plan to invest in a tankless water heater, it is very important that you invest in a model that can handle the level of demand you’ll place on it. In most applications, a tankless water heater can definitely get the job done. Under certain, particularly taxing circumstances, though, they can be overwhelmed.
If you live in a home with a lot of family members, necessitating that showers, dishes, laundry, and other chores are often completed simultaneously, then you may want to use a tank water heater. Keeping a large amount of hot water on-hand benefits such situations. A tankless water heater heats the water that you need, as you need it, but when hot water is needed in multiple points at the same time, they can struggle to keep up.
When in Doubt, Work with a Pro
Either type of water heater represents a pretty major investment for most homeowners. If you’re serious about getting the best return on your investment, you need to make this decision carefully. If you’re still not sure what type of water heater is right for you, then reach out to our team. We’re here to help you make your decision confidently.