Tank vs. Tankless Water Heaters
How to Choose
Estimates are that 30% of your home’s energy costs go to heating your hot water.
Many homeowners don’t consider this and keep an old, inefficient water heater going until it dies and often it’s an untimely death—leaking all over your basement floor. You can learn some signs of a failing water heater here. When considering a new hot water system you may want to research the new tankless systems.
If space is limited or if you would like some extra room to remodel your basement this may be your best option. Many of these systems are no larger than a large electric panel and hang easily on a wall. They run on electricity or gas (propane or natural). The upfront costs will be more with the tankless systems running $800-$1500 per unit but the energy savings of 24% to 34% can give you a healthy return on your investment. We have more about the distinctions between tank and tankless water heaters on our website.
And we are still offering 0% financing on equipment, so bear that in mind when considering your hot water options.