The last thing that you want is to take a shower in freezing cold water. In this scenario, you will need to have the right kind of water heater. If you are planning to have a water heater in your house, it is highly suggested that you go for the storage tank water heater option.
For a lot of homeowners, despite the many perks of a tankless water heater, it is still a good option to stick with a storage tank water heater. So what exactly makes it a good option? Here are some of those things that you should consider.
One, in terms of price, the tankless water heater costs as much as $4500. Yes, you can consider it as a long term investment, but not a lot of people have this amount of money. On the other hand, you have the storage tank water heater that costs as little as $500. Though you could save $100 annually for consuming 41 gallons of water daily on a tankless water heater, it is still not worth it for a lot of individuals.
Another reason to stay away from the tankless water heater is the fact that it is “output challenged”. What this means is that if there are people inside the house taking a shower and washing the dishes all at the same time, it is not far from the possibility that you are going to have a chilly shower. The reason behind this is that water runs into the burner in order to heat the water.
In addition to this, you will also not have any problem repairing and maintaining the storage tank water heaters. It operates in a simple way. This means that if there is a need to repair the storage tank water heater, you will not have a problem at all. You will not be spending so much money in order to get the water heater to work again.
But of course, you also have to consider the fact that you will need to have space for the water heater tank. For small places, it is important to just stick to the tankless version. Also, keep in mind that your utility bills are also going to soar especially during the winter.
Choosing between tankless and storage tank water heater is the most common dilemma that you will have to expect. If you are interested in your savings monthly, then perhaps, it is a good idea to have the tankless version. However, keep in mind that it will take years to get an ROI for your tankless water heater. You can already have a storage tank water heater for as little as $500. Though you pay relatively more monthly with a storage tank water heater, a lot of people still consider the $4000 price tag of tankless versions to be a bit impractical.
Everyone needs a good heater. However, it is important that you do your research. Be sure that you’ve weighed your options. If you are really someone who is practical, you will most likely stick with a storage tank water heater.