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Life Span: 10-15 Years

The simplicity of the "storage" tank water heater makes for lower cost repairs when they stop functioning properly.

• Tank water heaters are always on to keep stored water at the preset temperature.
• Repairing a tank-based unit is much easier than repairing a tankless system.
• It can take 1-2 hours to fully recharge the system.
• Storage tank water heaters have lower initial cost by a significant margin.
•  Average storage tank water heaters can only support three showers in a row.
•  Since storage tank water heaters heat, then reheat water to pre-set temperature, irrespective of what your hot water needs happen to be, they increase your utility bills.

Life Span: 20-30 Years

Tankless water heaters are small and can be installed in tight spaces. They may even be installed on the outside walls of your home if your home is spatially challenged.

You will never lack hot water using a tankless water heater. 

• Tankless water heaters can deliver 2-3 gallons of hot water per minute.
• They can reduce energy costs by as much as 25%.
• No tank to burst, so no flooding or damage to surroundings and no mess to clean up.
• On demand operation, meaning it heats water only when its needed.
• Typically tankless water heaters cost more than tank water heaters.
• Tankless water heaters are only installed in about 4% of US homes, but are increasing in popularity every year.