There s one key reason for that.
Water heater tankless versus tank.
You re not constantly heating a tank in anticipation of needing it you only use energy when you use hot 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.
Along with their longer lifespan tankless water heaters are known to have reduced monthly energy bills helping offset their higher purchase price.
The initial cost of a tankless water heater is greater than that of a conventional storage water heater but tankless water heaters will typically last longer and have lower operating and energy costs which could offset its higher purchase price.
By virtue of their clever design tankless water heaters operate up to around 30 percent more efficiently than their tank style cousins.
Water heaters with tanks.
It uses high powered burners to rapidly heat water as it runs through a heat exchanger and deliver it directly to your faucets or shower without storing it in a tank.
One of the first things to consider is whether you should get a tank or tankless water heater.
Tankless water heaters are more compact and can heat up water as you use it.
Therefore if you do not have enough money in pocket you can have a storage tank water heater.
They are smaller and more energy efficient than traditional storage tank water heaters but more expensive.
Tankless water heaters have a higher purchase cost than a traditional storage tank.
For most households they can produce a savings of 100 or more every year.
If we compare tankless vs tank water heater cost initial expense of a storage tank water heater is lower.
Most tankless water heaters have a life expectancy of more than 20 years.
Tankless water heaters are as much as 34 more efficient thank tank models according to the energy department.
Either a gas burner or an electric element heats the water.
Regular maintenance and repair cost is lower due to the simple construction of this kind of machine.
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.
Tankless water heaters heat only the water you need when you need it eliminating the need for a storage tank.
As their name implies tankless or on demand water heaters don t store water in a tank.