Pros
- Less expensive installation: While the cost of installation depends on where it is in your home, traditionally, these water tanks are less expensive than alternatives.
- Lower upfront cost: When compared to other types of water heaters, conventional water heaters have a lower upfront cost of installation.
Cons
- Requires space: Due to needing a large tank, conventional water heaters require quite a bit of space.
- Less energy efficient: Since this type of water heater requires a constant source of electricity, it is less energy efficient than alternative models.
Pros
- Lower monthly cost: These types of water heaters only create hot water when you need it, which means less energy consumption and a lower electricity bill.
- Instant hot water: The super-heated coils in a tankless water heater heat the water quickly and make it readily available.
Cons
- Higher initial cost: these types of water heaters are traditionally more expensive to install, but the month after month savings helped make up for it.
- Limited hot water: if water demand in your home is too high, then the hot water may not flow and go cold.