What is a Tank Water Heater?
It is a sturdy metal tank with 40-60 gallons of hot water inside. Its job is to keep heating and reheating water.
What is a Tankless Water Heater?
Tankless water heaters are new powerful tools that help your home to save energy all while being super-efficient. While tank heaters heat and reheat water continuously, tankless water heaters create hot water instantly by utilizing high-power gas burners and electric coils.
Why Does My Home Need a Water Heater?
All homes use water therefore all types of homeowners can benefit from water heaters – that is unless you prefer to only use cold water.
They are particularly good for people who have hot tubs or swimming pools to fill up this summer!
Why Should I Buy a Tankless Hot Water Heater?
Pros
They are More Compact
Less space is used which makes them ideal for smaller properties. They are compact because tankless water heaters do not store the water. The system functions by connecting to your home’s plumbing. Water will cycle to the tank via the pipes to provide continuous hot water. Overall, it is very convenient for homeowners.
Less Energy is Wasted
They have almost zero standby loss. This loss happens when warm water cools after having been heated. Standard tank heaters experience a significant amount of standby loss.
Hot Water On-Demand
If you get frustrated having to wait a while for the hot water to kick in once you turn on a faucet – you need a tankless water heater. Hot water is available immediately at all times. Since the water comes in hot straight away you’ll end up saving more water in the long run as you won’t be waiting for the water to heat up.
Longer Operational Life
20 years is the average operational life of a tankless water heater as opposed to just 10 with the standard system. The tank can last up to 30 years providing you really look after it and get maintenance when required.
Cons
They Don’t Work as Well for Showers
The water may not be the level of heat you want when you shower. This is because there is a time limit on the amount of water coming through, so when you try and boost the temperature during your shower – you’ll be left waiting a while.
The Temperature is Not Always Consistent
With some tankless water heaters, a GPM window needs to be fitted for the water to run at a consistent temperature.
More Power is Used
Especially for electrical models. The water gets heated very fast, therefore, a lot of power is needed – so if you’re using 80 plus gallons of water per day you won’t be saving a lot of energy.
It Costs More to be Installed
Due to their complex design, it costs more money to have a unit fitter. Also, the larger the unit the more money you will pay.
Why Should I Buy a Tank Water Heater?
Pros
It’s More Affordable
At least in the beginning. They are much lower than the tankless water heater cost in Denver. The price range is roughly $1,000-$2,000. You’ll end up paying more on repairs and maintenance though.
Easier to Maintain
The design is far less complex. There’s just a heating element, a few basic features, and nothing else. It will be cheap to install and easy to repair.
Cons
Increased Utility Bills
Electricity and gas usage is higher which results in a higher power bill especially in the winter months. A lot of energy can be lost when you use tank based heaters:
There Isn’t a Constant Supply of Hot Water
You may be stuck with having a cold shower as it takes 1-2 hours for the tank to recharge and start producing hot water again. When you consider how much hot water you need each day, this is very concerning.
Lower Lifespan
While tankless heaters last 20 or even 30 years, tank ones last 15 years at the maximum. You may need to get it replaced in just six years if there’s a leak.
Hot Water Heaters Colorado
The state has many companies selling and installing high-quality water heaters like TNT Plumbing Heating & Cooling for example. You’re likely concerned about the average market price of water heaters, so we’ll give you a rundown of it.
Tankless Water Heater Cost in Denver
The overall cost of a tankless water heater in Denver is $5,000 to $7,000. The price is determined by the following factors:
The type of unitFlow rateEfficiencyFuel sourceWarrantyLabor costs
Tank Water Heater Cost in Denver
The price ranges from $1,000 to $2,000 and again depends on the above factors.
In Summary
The difference between tankless and tank water heaters is that tankless ones provide constant hot water and have a more complex design, and tank ones can only supply a limited amount. Tankless water heaters are good because they are compact, save energy and provide hot water on demand. However, they are more expensive. The average tankless water heater cost in Denver is $5,000 to $7,000. Tank water heaters are more affordable and easier to maintain but they have a shorter lifespan and make you wait for hot water.
