Whether you need a replacement water heater or a brand-new installation for a new home or office, you might be wondering what type of water heater is best for your needs. On the most basic level, you can choose between gas and electric heaters, but one of the latest and recently popular options includes the tankless water heater. Here are a couple of the key differences between tank and tankless water heaters to help you decide which would be best for you.
- Utility bill: One of the main differences between the tank and tankless water heaters is the size of your utility bill. As the name suggests, a tank water heater keeps all the water in a tank and keeps that stored water heated all throughout the day, whether you need it or not. Your water heater is working to heat your water even when you’re not home to use it. The tankless water heater, however, does not store water in a tank and only heats the water as it passes through to be used whenever you need it. This means it’s not running all day, so it is saving you money with a lower utility bill than you might find with the old tank water heater.
- Taking up space: Another key difference between the tank and tankless water heaters is the size of the heaters. The average tank water heater holds about 50-55 gallons and can be about five feet tall and two feet wide or larger in size. Most tank heaters are mounted on the floor, so they can take up a lot of space. A tankless water heater is usually wall-mounted and typically about two feet tall and one foot wide. That is significantly less space than the tank alternative.
These are just a couple of the key differences between the two types of water heaters. Both come in options to be powered by electricity, natural gas, or propane, and both have their own benefits. You can give us a call if you would like to learn more about either one.