Tankless Water Heater VS. Conventional Water Heater (PROS + CONS / COST ANALYSIS - WHICH IS BETTER?)

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Tankless Water Heater VS. Conventional Water Heater (PROS + CONS / COST ANALYSIS - WHICH IS BETTER?)

CONVENTIONAL / STANDARD / TANK WATER HEATERS:
PROS -- Cheaper for initial install, approx. $1600. Will last 8-12 years with limited maintenance (which tends to also be cheaper). Many gas units will continue to operate even when power is out.
CONS -- Will run out of hot water during heavy usage. Can take up to 45 minutes to reheat tank. Are prone to catastrophic failures, which can result in flooding damage.

TANKLESS WATER HEATERS:
PROS -- Can supply a constant stream of hot water. Units like the Navien 240-A in this video can supply three showers with hot water simultaneously. Will last up to 20+ years with routine maintenance. Have high energy ratings. Can easily be fixed by a licensed plumber thanks to diagnostic computers and replaceable parts. Are less prone to catastrophic failure. Add value to a home.
CONS -- More expensive to install, approx. $4400. Must be kept on an annual maintenance plan. Will not operate during a power outage (unless a backup water heater power supply is installed).

THINGS TO KEEP IN MIND:
--Both units can benefit from an inline water filtration system. These units keep minerals out of the water supply before they reach the water heater. This prolongs the lifespan of both units, and improves your water quality as well.
--Tankless water heaters do have great energy ratings, and can conserve both gas and electricity, but only if homeowners do not INCREASE their water usage after installation.

Thanks for watching!

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