Whether your current water heater is on its last leg or you’re looking to make an upgrade to save on your energy bill each month, choosing the best water heater for your home takes a little research. We’ll walk you through the different options to help you decide which style might be the best fit for your home.
Choose the best water heater
Before you dive into the overwhelming world of storage tanks versus tankless, first identify your home’s fuel source. Understanding how your water heater will be powered can help you identify the style needed.
- Electric: Typically less expensive than other water heaters and offer a variety of high-efficiency options. The electric systems use one or two replaceable heating elements to warm the water and range in size from 28 to 100+ gallons.
- Gas or Propane: These styles are more costly than electric units but are often more energy efficient. The gas or propane water heater uses a burner to warm water and ranges in size from 30 to 100 gallons. This style requires circulating air around the unit and must be stored away from combustible materials.
- Heat Pump or Hybrid: Uses outside air or air from storage space to heat water. Heat pump or hybrid units can be used to supplement an existing tank or as a built-in water tank. While this style is pricier to purchase, it could save you the most each month on your energy bill. The size ranges from 50 to 80 gallons.
Types of water heaters
Cost, efficiency and the size of your family should all be considered when choosing a water heater for your home. There are a few good options to consider.
Storage Tank Water Heater
The most efficient storage tank water heaters are typically powered by gas, but efficient electric options also exist. This style usually lasts for 12 years and is budget-friendly with options ranging from $400 to $1,200. Storage tank systems are the most popular choice for homes. Gas powered options fit many needs, while electric systems are a good fit for smaller homes.
Tankless Water Heater
The average tankless water heater installation can cost $3,000 or more, but the systems last for nearly 20 years. While this style is less likely to leak and doesn’t have the standby heat loss, it delivers only 3 to 3.5 gallons per minute. Larger homes that utilize a tankless system will likely need multiple heaters.
Hybrid/Heat Pump
The computer interface of hybrid water heaters allows you to control the water temperature and heater cycles. These systems are a great choice to supplement electric options.
Consider the size of your home and family, power source and budget while deciding on the best water heater for your house. With routine maintenance and cleaning, your water heater investment can last for years to come.
