Do you know the best water heaters on the market? Selecting the best hot water heater for your home is no simple task and, to ensure you get the most bang for your buck, you need to be on your game to make sure you get the water heater that will prove best for your everyday wants and needs.
When choosing the best model water heater for your home, you need to consider a combination of things including the size, energy efficiency, costs, and fuel type it will be using (not to mention the availability of this particular water heater in your region).
Take a look at following types of water heaters to make sure you pick out the best one for your home.
Best Water Heaters for Your Home
Conventional Storage Water Heater
Available in a variety of sizes, your conventional storage water heater holds water in numerous gallon capacities. Typically, gas or electric is used to keep the water at your desired temperature until the water is used and forced to pull through a pipe. Averaging a lifespan of 10-15 years, newer conventional storage water heaters (especially ones that are of high-efficiency) can lower your water heating bill by approximately 7%, making them one of the best water heaters on the market.
Tankless (aka Demand-type) Water Heater
Lowering your water heating bill up to 30%, a tankless (aka Demand-type) water heater is considered one of the best water heaters as it only heats water as it’s needed. After turning on the tap, the heater will switch on to provide a continuous supply of hot water. Not only does a tankless water heater require less space, it can hang on the wall and last upwards of 20 years.
However, keep in mind a tankless water heater could require larger gas line installation, unique ventilation, and may also need additional electrical circuits that add to the installation costs upfront.
Heat Pump (aka Hybrid) Water Heater
A heat pump (aka hybrid) water heater is unique in that it combines conventional storage water heaters with a heat pump, collectively extracting heat from the air, and heating the water. Using both electrical connections as well as existing water, it can reduce your water heating costs by upwards of 60%! The average life expectancy for a heat pump water heater is approximately 10-15 years.
Solar Water Heater
Harvesting the sun’s powerful energy to produce hot water for your home, solar water heaters (certainly a green water heater option) can be one of two ways: passive or active; each lasting around 20 years.
Passive solar water heaters are considered the most reliable choice, lasting longer than active water heaters, and costing less. However, they’re usually not nearly as efficient as active solar water heating systems which use pumps and controls to flow water into your home.
If you choose to purchase a solar water heater for your home, make sure the storage tank is well insulated and you may even want to consider keeping a backup water heating system on hand as it can get used up quickly on cloudy days, especially when water is in high demand.
Tankless Coil & Indirect Water Heater
With a lifespan around 10-11 years, a tankless coil and indirect water heater usually has lower installation and low maintenance costs (so that you don’t have to troubleshoot water heater issues), however, it can be one of the most inefficient choices of water heaters for many homes (particularly for those in hotter environments).
This is because for an indirect water heater, the fluid is heated by being circulated through a heat exchanger in the storage tank, allowing the furnace to turn on only when it’s needed, saving you energy. If it’s setup up with a highly efficient boiler and properly insulated tank, can be extremely cost-effective.
With a tankless coil water heater, hot water is supplied on demand and without a tank. When the hot water is in use, your water is heated as it flows through the heat exchanger or heating coil, making it the most efficient during colder months where hot water is used more often.
Are you on the verge of replacing your current hot water heater? Be sure to check out my post “the most reliable signs you need a new water heater“.
What kind of water heater are you going to choose for your home?