With everybody trying to save money these days, people are taking a lot closer look at home appliances and their efficiency. One huge draw of energy in a home is the hot water heater. There are a lot of options to choose from nowadays, so which direction should you go when it’s time to replace?
The first option is your typical, hardware store hot water tank. Depending on the size, one of these is going to run you $300-$500. Many of the hot water tanks now are energy star certified and have multiple settings to help you save money. With this type of hot water system, you are going to have the same old issues like possibly running out of hot water if you have a lot of people trying to use all of it at once and it can take a minute or two for the hot water to reach you. If there is cold water sitting in the pipes, it needs to be flushed out before the hot water can make its way through. So, going with this old reliable is still a good choice in today’s economy and if you buy the proper size for your home, it should serve you quite well.
If you are feeling a bit more adventurous and want to splurge on a new hot water system you might consider going tankless. These systems have been around for a few years now but are going to run you about $1000. The tankless water heaters boast an endless amount of hot water as they are attached directly to your pipes and constantly run water through the unit. If you have a large household, these might not be the best option for you as the water still has to have time to heat up. With these tankless systems, the temperature often fluctuates. So, if you have a relatively small household with low water usage, this could be the way to go.
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