Energy.gov revealed that an average household in the United States spends up to $600 every year heating water. This annual cost is an indicator that a large fraction of your income goes to your heating system. With 14% to 18% allocated mainly on your utility bills, it is imperative that you choose an efficient water heater that can last for years. Most heaters have a lifespan of 15 years depending on factors like usage frequency, maintenance, and model.
Even with regular maintenance, you will still end up replacing your unit more than once to continuously have access to hot water based on the recommendation of a Frisco plumber. In replacing your water heater, there are two choices to consider: Traditional Water Heater and Tankless Water Heater.
Traditional Water Heater
A traditional water heater preheats approximately 50 gallons of water. The hot water is stored in a tank so you can use it for doing laundry, doing the dishes or taking a shower. The unit is operated by either electricity or gas. Gas is preferred by homeowners who want to have less energy consumption. Compared to electric water heaters, a gas-operated water heater can reduce your power bills by 10%.
However, gas models are more expensive. When it comes to installation, the traditional water heater costs cheaper. It is also easy to maintain. However, when a 50-gallon tank starts to malfunction, your basement can also get flooded if emergency plumbing issues are not addressed right away. Since a traditional water heater is a large home appliance, it will also take up more space.
- Installation is cheaper than a tankless water heater. Normally, a traditional unit can be installed for $600 if your household has a smaller water demand.
- Replacement or repair is also simple and quick as any plumbing professionals can tackle it.
- You can still have access to hot water even with power outages as the traditional water heater stores hot water. Your house will have enough supply of hot water for your needs.
- Even the purchase price is more affordable than the tankless water heater. You can purchase one basic unit for $250.
- Keeping your traditional water heater well maintained is important to reduce flood risk. If a 50-gallon tank falls out, you will need to immediately address property damage as damp or moist areas can become a breeding ground for mold and mildew.
- This type of water heater also has a shorter lifespan because its metal tank is prone to corrosion. If your traditional water heater has already reached 10 years, then that is considered a good buy. Lifespan wise, this type of water heater is expected to serve you for seven years.
- As there is a need to reheat the water every time you need to take a shower or perform household chores that require water, your utility bills can suffer in the long run. Unless you choose an energy-efficient substitute, you will continue to pay higher power bills every month.
- You will need more space to accommodate a big home appliance like your water heater.
Tankless Water Heater
A tankless water heater is also referred to as a demand water heater because it only heats water on a needed basis. This type of heating system also heats water directly. Once you turn your shower on, the cold water will travel through your pipe directly into the tankless water heater. The electric or gas element will heat the water so you can have a constant and steady supply of hot water even if you take long showers. Read the tankless water heater reviews to know more about them.
- There is no need to replace your tankless water heater every so often because it can last up to two decades if maintained properly.
- The unit is also energy efficient as it allows you to save energy by up to 34% and you will only use 41 gallons of water or even fewer on a daily basis.
- You will also have long-term savings on your utility bills as you do not have to store 50 gallons of water to get consistent hot water supply.
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- The initial cost of a tankless water heater is much higher than the traditional water heater, especially when it comes to installation.
- There can be instances of inconsistent temperatures if the water heater is unable to send enough amount of hot water to various outlets regularly.
- Due to the higher installation cost, it will take years before the tankless water heater makes up for its price tag.
Be sure to talk to a plumbing professional to know which water heater model works best for your home and water demands.