When it comes to choosing a new water heater, you may be wondering whether a tankless or tank-type model is the better choice for your home. Both options have their advantages and disadvantages, so it’s important to consider your specific needs and budget before making a decision. In this article, we’ll explore the pros and cons of each type and provide estimates for the installed costs of each option.
Tank-Type Water Heaters
Lower upfront cost: Tank-type water heaters are typically less expensive to purchase and install than tankless models.
Simpler installation: Because they have a similar design to older models, tank-type water heaters are easier to install and repair.
Familiar technology: Most people are familiar with tank-type water heaters, so they may feel more comfortable with this option.
Higher energy costs: Because they keep a large tank of water heated at all times, tank-type water heaters can be less energy-efficient than tankless models.
Limited hot water supply: Once the tank is emptied, you’ll need to wait for it to refill and reheat before you can use hot water again.
Shorter lifespan: Tank-type water heaters typically last between 8 and 12 years, compared to 15 to 20 years for tankless models.
For homeowners in the Long Island, NY area, the installed cost of a tank-type water heater from Gold Star Plumbing, Heating & Cooling can range from $2,000 to $7,500+, including the cost of the unit itself, installation labor, any necessary permits, inspections and depending on the size and features of the unit.
Energy savings: Because they only heat water on demand, tankless water heaters can be much more energy-efficient than tank-type models.
Unlimited hot water supply: Tankless water heaters can provide hot water continuously, without the need to wait for a tank to refill and reheat.
Longer lifespan: Tankless water heaters typically last between 15 and 20 years, compared to 8 to 12 years for tank-type models.
Higher upfront cost: Tankless water heaters are generally more expensive to purchase and install than tank-type models.
More complex installation: Tankless water heaters require additional installation requirements, such as upgrading electrical or gas lines, that can increase the cost and complexity of installation.
Less familiar technology: Some people may not be as familiar with tankless water heaters and may have questions or concerns about how they work.
For homeowners in the Long Island, NY area, the installed cost of a tankless water heater from Gold Star Plumbing, Heating & Cooling can range from $4,500 to $9,000+, including the cost of the unit itself, installation labor, and any necessary permits, inspections and depending on the size and features of the unit.
Deciding between a tankless or tank-type water heater depends on your specific needs and budget. If you’re looking for a more familiar technology and a lower initial investment, a tank-type water heater may be the better option. If you value energy efficiency and a longer lifespan, a tankless water heater may be the right choice for you, despite the higher upfront cost. Remember to research different brands and models and get an estimate from a trusted plumbing and HVAC company like Gold Star Plumbing, Heating & Cooling.