For a tank based traditional hot water system the lifespan is usually 10 years.
Tankless water heater vs hot water tank.
Cost and process of installing a tankless vs hot water tank.
This is known as point of use and allows high water demand appliance such as dishwashers to have their own supply.
Tankless water heaters do cost more than water tanks but you do get these advantages.
Tankless water heaters reduce energy use up to 25 but they cost twice as much as standard storage units.
The main difference between tankless water heaters and hot water tanks is that tankless models only use energy when you turn on the tap.
If you use lots of hot water daily around 86 gallons you might enjoy energy efficiency of an additional 8 to 14 percent.
You aren t paying to store a huge tank of water while you re away at work or at night when you re sleeping.
Hot water tank pros.
According to energy research done by energy gov if you are using a 40 gallon tank of hot water or less your energy demand is typically less than 50 percent with a tankless water heater compared to a water heater tank.
If you are replacing a hot water tank with another hot water tank it s usually a fairly inexpensive installation.
Homeowners with on demand tankless water heaters that use less than 41 gallons or less of hot water each day enjoy between 24 and 34 percent more energy efficiency than storage tank water heaters.
With regular maintenance and repairs a tankless system may last up to 30 years or up to 3 times longer than a traditional hot water heater.
The cost of a hot water tank is about 60 less than than of a tankless heater.