Which is Better Hot Water Heater or Tankless?

A Person Adjusts Temperature on a Tankless Water Heater.

Which is better hot water heater or tankless?

Whether you’re planning for your new home or needing to replace your current water heater, you’re facing a big investment. When putting in a new system, you have to consider cost and efficiency, as well as longevity. You’ll also need to consider whether you want to put in a standard tank water heater or tankless water heater. Both have their advantages and disadvantages, as outlined below.

Tankless water heater vs tank

  • Installing a tankless system is normally much more costly than a tankless system. A tankless system will cost as much as three times more to buy and install than a standard tank system.
  • A tankless system is energy efficient and can save you money over time in utility bills.
  • A tankless system will normally last longer than a standard tank unit. Tankless water heaters last 20 to 30 years, about double that of a standard unit.
  • A tankless system produces hot water on demand, while it may take a standard tank system several seconds or even minutes for the water to heat, especially with heavy use.
  • Although tankless systems produce hot water on demand, they can have trouble managing the demand if multiple appliances are being used simultaneously
  • Tankless systems take up much less space than standard water heaters. Standard water heaters are restricted to areas where they will fit.
  • Tankless systems are more durable than tank systems, but are much more complex and difficult to repair.

While tankless systems have many advantages, initial costs may deter you from installing one. They are, however, a generally good choice because of long term savings. If you are considering tankless water heater installation in Chattanooga, TN, you can count on the professionals at Chattanooga Water Heater Co. for reliable and professional services. Schedule us for services today by calling 423-718-7342.

Is a tankless water heater worth it?

While initial installation costs are high, overall many consider a tankless water heater a good long-term investment. One of the most appealing aspects of a tankless system is the prospect of hot water on demand. You won’t, for instance, have to wait for the water to heat up in the shower. The other main appeal of a tankless system is its potential for long term energy savings. Since the water takes no time to heat, it takes less energy for the water heater to work properly. Savings estimates range from $44 per year for an electric unit to $108 per year for a gas-fired unit. 

Tankless systems also take up less space than standard tank systems, so if your space is limited, a tankless system may be right for you. Another advantage of tankless systems is that they can be installed along with a standard system to supplement your hot water production.

What is the downside of a tankless water heater?

While tankless water heaters are valued for their supply of on demand water and energy savings, they do have some downsides. A big deterrent to tankless water heaters are their upfront costs, but they also have problems managing two or more appliances at a time, especially smaller units. There are larger units, however, available to manage larger households. Another problem with installation is that some homes may need to be rewired to support the tankless unit. 

Do tankless water heaters run out of hot water?

Because water is heated up when there is a demand for it, a tankless water heater technically will not run out of hot water. This is one of the primary reasons people choose tankless systems. Although they won’t run out of hot water, the system can be overwhelmed by the demand put on them if you are running more than one appliance at a time. This can cause the water heater to struggle and use more power.

Are tankless water heaters more energy efficient

A tankless water heater for the most part can be much more energy efficient than a standard tank unit, by as much as 24% to 34% for a household that uses 41 gallons or less of hot water per day. For households using 86 gallons each day, you can expect 8% to 14% more in energy savings. A tankless system installed at each hot water outlet will increase savings by 27% to 50%. Overall, a family can save on average about $100 per year with a tankless system.  

Do tankless water heaters leak

Because tankless water heaters store no water, it’s very rare that you can experience a leak. Leaks may occur in the piping and joints after several years of use. When there is a leak, it usually occurs along the bottom or at connections. As with a standard water heater, any leakage should not be ignored. Leaks are signs of bigger problems in the system, and the dripping water can cause damage to floors, walls and roofs.

Water leaks or floods can cause serious damage to your home. When you have water damage, water cleanup in Memphis Metro, TN, is the next step to protect your property.

What is the average cost to install a tankless water heater?

One disadvantage of tankless water heaters is the initial start up costs. You can expect to pay anywhere between $1,470 and $2,510 for installation. Costs can vary depending on other additional costs such as rewiring to accommodate the system. A rewire can add as much as $3,000 to the cost. Vents for gas systems run between $50 to $100.

A Tankless Water Heater Installed on a Wall.

Tankless water heater near me

If you are interested in installing a tankless water heater in Chattanooga, TN, get in touch with the professionals at Chattanooga Water Heater Co.. We offer a wide range of tankless and standard tank installation and repair option. You can reach us and schedule services today by calling 423-718-7342.