If you are going through the latest hot water tank options, then this guide will surely help you with making the perfect choice for your home. Did you know water heater is the 2nd largest investment costing you 14-18% of the total power bill? While the focus is on getting the best hot water tank, you should also focus on the energy efficiency and power savings too.
Where to get started? We shall go through the basic considerations and on how to choose the best suitable one.
Which Hot Water Tank Is Right for You?
Moved to a new house? Did you recently renovate your home? If yes, then I am sure you had plenty of things to do- right from flooring to the décor details. When things go hectic, you may miss out on some essentials like the Hot Water Tank also referred to as water heaters.
With the umpteen water heaters in the market, you will surely feel bamboozled! Where to start from? What should I consider for buying? The answer is given below:
Water Heater Types Compared
Basically, there are 5 types of hot water tanks, something that you should know before the purchase. They are as follows:
- Conventional Storage Hot Water Tanks – provides a reservoir filled with hot water.
- Tankless Hot Water Heater – heats the water, devoid of any storage utility.
- Heat Pump Water Heater – move the heat from one place to another instead of heating the water.
- Solar Water Tanks – they use the sun’s power for heating the water.
- Indirect Hot Water Tanks – these systems make use of the space heating setup for generating hot water.
Now you see, all these hot water heaters for sale are great but it’s important to know the pros and cons of them.
For example, the storage water heaters are low-cost in the initial stages however less efficient compared to the tankless water heater.
Solar water tanks are found to be 50% more efficient than the gas/electric heating system. But they are high on installation cost and you got to have a backup plan for the rest cloudy days.
Traditional water heaters take up a lot of space, whereas tankless water heaters are smaller and can be affixed to a wall. Tankless water heater are more modern with a sleeker design and improve the overall look-feel of the room.
On the other hand, if you have enough space for installing a traditional water heater then you may not have to worry about this.
Unlike a tankless system, if a power outage occurs, a traditional tank will not be affected. Both traditional and tankless units have energy star ratings, and all newly installed tanks must meet a 65% minimum efficiency.
Hot water tanks run on different types of fuel like electricity, fuel oil, natural gas, geothermal energy, propane, solar energy, etc. You need to check the fuel availability in your area and consider the long-run scenario for each fuel option.
Size of the family
This is a no brainer thing. You must consider the number of the people at your place and multiply it with the average water usage of each member. The answer that you get should be the minimum output value of the hot water tank you are considering for buying.
If you are considering a tankless water heater, then it can go well in multiple locations. For example, tankless water tanks can be installed inside the bathroom as they don’t take much space. Whereas, the traditional tanks are limited in location due to their size (50-60 gallon storage).
Hot water tank installation can be a tricky business. The water tanks that run on heat pumps also require 40°-90°F temperature all around the year, along with 1000 cubic feet space! Therefore, a particular type of water heater will have their own specifications that you need to note before installation.
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