Pros:

Lower Initial Cost: Here at Verity Plumbing our 40 gallon water heater install price starts at $2,200.

Simplicity and Reliability: Systems are proven and reliable having been around since the early 20th century.

Cons:

High Energy Usage: Tanked water heaters keep water heated 24/7, leading to energy lose, even when not in use.

Larger Units: These heaters take up more space, which may be an issue in smaller homes or utility areas.

Shorter Lifespan: Traditional tank heaters typically last 10-15 years.

Pros:

Energy Efficiency: Since tankless water heaters only heat on demand, they use less energy overall. Which can lead to lower utility bills.

Unlimited Hot Water: As long as your system is properly sized, you won’t run out of hot water.

Space-Saving Design: Tankless units are compact and can be mounted on walls, saving valuable space.

Longer Lifespan: Tankless water heaters generally last 20 years or more, making them a longer-term investment.

Eco-Friendly: Because they use less energy and last longer, tankless systems are often considered more environmentally friendly.

Cons:

Higher Upfront Cost: Tankless water heaters are more expensive to buy and install, here at Verity Plumbing our installation price begins at $6,500 for labor and materials.

Maintenance: Tankless units do require more frequent maintenance to deal with issues such as mineral build-up, especially in areas with harder water..