You can find a high quality electric water heater for as little as 500.
Electric tankless hot water heater vs tank.
Either a gas burner or an electric element heats the water.
This energy star certified titan of a tank delivers up to 72 gallons of hot water per hour dependent on tank capacity which is a rate much faster than the normal electric water heater.
For most households they can produce a savings of 100 or more every year.
They re more energy efficient than a storage tank but provide only a limited flow of hot.
Sometimes called on demand water heaters tankless systems supply continuous hot water when needed and for this reason have increased energy efficiency.
Similar to traditional hot water tanks tankless heaters can use different fuel types to heat the water.
However a tankless water heater s output limits the flow rate.
You re not limited to the capacity of a holding tank.
You don t need to wait for a storage tank to fill up with enough hot water.
Long lifespan tankless water heaters last about 20 years compared to an average of about 10 to 15 with conventional water heaters.
Typically tankless water heaters provide hot water at a rate of 2 5.
The initial investment is low.
Electric tankless heaters are much less expensive than gas and do not need ventilation.
Before you decide that gas is the winner in the natural gas and propane vs electric hot water heater debate you need to consider the pros and cons of electric heaters.
There s one key reason for that.
Tankless water heaters heat water directly without the use of a storage tank.
You re not constantly heating a tank in anticipation of needing it you only use energy when you use hot water.
On the other hand a large unit will require more electricity to run which can increase monthly bills.
While tankless water heaters run more efficiently than storage tank water heaters replacing a tank water heater with a tankless can be expensive and the payback time can be longer than the warranty.
Tankless water heaters are as much as 34 more efficient thank tank models according to the energy department.
No waiting for hot water tankless hot water heaters instantly heat the water you need.
As a result tankless water heaters deliver a constant supply of hot water.
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.
Rather than storing water tankless water heaters use heating coils to heat the water as you need it.