If you are flipping a house, feel like your hot water needs are not being met, or are ready to reassess your energy usage, you may be trying to figure out whether or not you should invest in a different kind of water heater. Knowing the difference between a traditional and a tankless water heater is key to making a good decision, but it is also important to understand your needs, your future use, and how much you are willing to invest, both upfront and in the long run. At Ace Hi Plumbing, we work closely with our clients so that they have the information they need to make the best plumbing choices for their home, whether that is simply just water heater repair, or installing a completely new system.
This is one of the main concerns when people are shopping for new water heaters. The ultimate question is: How much will it cost me?
Tankless water heaters are more energy efficient than storage heaters, saving the average homeowner more than $100 per year on their energy bills. If your family uses less than 40 gallons of hot water per day, or if you have a tankless water heater at each outlet, you could cut your energy bill almost in half, according to the U.S. Department of Energy.
However, tankless water heaters can also cost up to three times more than conventional water heaters, meaning that you may not monetarily benefit from the energy savings for more than 10 years.
Longevity and Durability
While tankless water heaters cost more upfront, you benefit from them lasting about twice as long as storage water heaters. This means less repairs and less replacements down the road, in addition to your energy savings.
Another added benefit to tankless water heaters is that you never have to worry about tank failure and ending up with gallons of water on your basement floor.
Hot Water Needs
The essential difference between tankless and storage hot water heaters is how they function. Tankless water heaters heat the water as it is being used, while storage water heaters heat a tank of water, which is dispersed when it’s needed. Because of this difference, you will usually need to let the water run for a little bit before it heats up with a tankless system, while a storage system will run out of hot water if too much is used at once. While these issues can both be taken care of with the proper sized system, it is important to keep in mind how much water you will be using and what is the best option for those needs.
At Ace Hi Plumbing, we are passionate about giving you a hot water heating system that you can count on to provide you with a convenient, affordable solution. Learn more about our water heater repair services, and contact our professionals to see which system could be right for your budget, your needs, and you. With 24/7 emergency repairs and extended service hours, you know you are getting a Fort Collins plumber that puts you first.