If you are a homeowner looking for a way to save money as well as potentially provide your family more comfort, you may want to look into installing a new water heater. That may seem like an odd suggestion, but after reading about updates and advances in the water heating world, you may change your mind. There are pros and cons to each type, which will be discussed here. 

Storage Tank Water Heaters

Pros: Storage water tanks are the most common type of water heater in America. This is because they are usually the most affordable water heater to install on the market. This is the most common type of water heater installed by a housing contractor, so most homes begin with this heater in use. 

Cons: There is a limited quantity of water available. Once you have gone through the hot water in the tank, there is no more. This can be a challenge for large families since depending on their hygiene practices, the water can get used up quickly. 

Hybrid Water Heater

Pros: Hybrid water heaters use the warmth in the air and the ground to heat your water. This method offers extremely efficient use of electricity when compared to a standard storage-tank water heater. 

Cons: This water heater has a hard time working in areas where the climate is generally cold since it relies on other elements. If you live in a cold part of the United States, you will probably want to purchase a different water heater.

Tankless Water Heater

Pros: A tankless water heater is a neat method of heating water. Instead of storing warm water, the water runs through a contraption with coils that can heat the water in a jiffy. This method allows for as much or as little hot water as you or your family needs, without having to wait for a long time. 

Cons: The heating coils may not be the most efficient things on the market, depending on which type you purchase. Depending on the method and amount of energy required to heat the water, you may end up paying a small bit more for the luxury of having warm water on demand. 

In conclusion, depending on which type of water heater you choose, you may save money on your water heating method. If you think that you would like a new one, but are unsure of how to install it talk to a contractor near you today.