According to the U.S. Department of energy, water heaters consume 14% to 25% of a home’s annual energy use. with whirlpool tubs, multiple showerheads, and dual dishwashers on the fast track to becoming standard features in today’s homes, those percentages are likely on the conservative side. But even in the most-modest homes, heating water is a constant assault on your wallet. Choosing the best water heater for your home has become more challenging in recent years as new designs have swept the industry and rising energy costs have raised consumers’ eyebrows. in spite of the promise of the high-tech water heaters of the future, most folks in need of a water heater today still find themselves facing the same decision: tank or tankless?
Unfortunately for consumers, that choice is not easy to make. Costs and efficiencies vary widely, and the least-expensive water heater might be the one that puts the biggest drain on your savings account over time. Here are some answers to common questions about the differences between tank and tankless water heaters, including information about how each type works and how to size one accurately to meet your needs.