If you’re like most people in the Tampa Bay area, you probably don’t give much thought to your water heater. The truth is that the water heater is one of the most important components in your home. Whether you’re buying brand new hardware or you need your existing one replaced, choosing the right type is essential. Here’s what you need to know about how storage tank and tankless water heaters compare.

Storage Tank Water Heaters

A traditional tank-type water heater stores water in an insulated tank that typically ranges from 20 to 80 gallons. The water is kept hot by a heating element that cycles as needed. These systems are less expensive to purchase, easier to install and maintain and less expensive to repair. Larger systems can also supply a greater volume of hot water over a longer period of time. However, storage tank heaters also take up more space, have a shorter service life and produce higher utility bills.

Tankless Water Heaters

Also called demand-type water heaters, tankless heaters bypass water storage altogether and instead provide hot water on demand. Cold water is heated directly as it passes through the unit. Tankless systems require far less space and can last up to twice as long as storage-type systems. Since they only heat water when it’s needed, they also waste less energy. In fact, the typical family can save $100 or more per year with a tankless water heater. However, these systems are also more expensive to install and may require more costly water heater repairs. They can also struggle when asked to heat a large volume of water at once.

There’s no universal best option when it comes to water heaters. Both offer advantages, but the right choice for your home depends on your budget, hot water demands, and other factors. To learn more about your options, check out Benjamin Franklin Plumbing’s water heater services or call 813-379-2229 to speak with our helpful staff.