Many people wonder which is the better option and create a sort of face-off between with a tankless water heater vs tank water heater. The choice between any of those will easily fall on 3 different aspects: the cost, it’s efficiency and the climate. It’s those three factors that together will determine which is the best option for you particular case. And remember that while a solution may be good for one, it could be the worst for another.
Taking into account all those three factors will be the only way of you getting the best option for you, whether it’s a tankless water heater or one with a tank.
Tankless Water Heater vs Tank – The Cost
Without considering the installation process, which is sometimes rather expensive for both solutions (check our article on tankless water heater installation cost) a tankless water heater will cost you about as much as what a high quality tank heater would.
A tankless unit will reach much higher temperatures (we’re talking about 3 times more heat sent into the environment) and you’ll be needing a Category III stainless vent for it, which in case your home hasn’t one already could be as expensive as the tank itself. Of course that the price will depend on the distance from the place you want to place the water heater and the outside.
It’s very likely that in any situation you’ll need to completely replace the ventilation system present in your home.
Tankless Water Heater vs Tank – The Efficiency
There is no doubt that while a tankless water heater is considerably more efficient than one with the tank, the tank water heaters are getting more and more effective.
In some cases, an efficient unit can actually make a difference of $50 in your energy bill every year. And while that may not seem much, with a life expectancy of 10 years from these tanks, you’ll be looking at least at a $500 difference, which is usually more than enough to take the option for a more expensive, yet more efficient option.
Whether this solution will be good for you or not is up to the costs that come form the ventilation and the efficiency of the model you’re using.
Tankless Water Heater vs Tank – Climate
One thing you should consider about the option you take is actually your location. While it’s not an issue on tank water heater, if you live in a cold climate with regular failures in the electricity, it may be crack and need to be repaired. Of course that as with most things related to water heaters, the cost of the repair is very high.
On the whole tankless water heater vs tank water heater question, there are too many factors for you to make a well though decision without checking the prices for each and whether you’ll need to install a whole new ventilation system in your home.
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