One of the first things to consider is whether you should get a tank or tankless water heater.
Tank versus tankless gas water heater.
Expensive tankless water heaters are significantly more expensive upfront than traditional tank water heaters.
We paid 570 electric and 600 gas for the two 50 gallon rheem tank water heaters we tested but we have seen tank water.
The cost of a tankless water heater can range anywhere from 2 000 4 500 compared to a storage tank water heater which ranges from about 500 800.
In many cases it takes about 20 years or more before you ll recoup the cost in energy savings.
With the gas tankless water heater it may have an even pricier installation cost.
Tankless water heaters have a higher purchase cost than a traditional storage tank.
Along with their longer lifespan tankless water heaters are known to have reduced monthly energy bills helping offset their higher purchase price.
Tankless water heaters are more compact and can heat up water as you use it.
This gives you at least 8 gpm or more compared to the electric 3 to 8 gpm it normally provides.
If we compare tankless vs tank water heater cost initial expense of a storage tank water heater is lower.
They re also more expensive to install repair and maintain.
Water heaters with tanks.
Regular maintenance and repair cost is lower due to the simple construction of this kind of machine.
Tank water heater can be quite straightforward once you go through the basics.
The doe notes that storage tank water heaters typically last 10 to 15 years while most tankless units have a life expectancy of 20 years or more.
This helps negate some of the minerals in the water so that they will not impact the use of the heater.
The plus side to the gas water heater is the increased gpm.
If you have a tankless water heater in your home you may find that it works better if you invest in a water softening system as well.
Therefore if you do not have enough money in pocket you can have a storage tank water heater.