Hot water is an everyday household necessity. You use it when you take a shower, do laundry, and wash your dishes. If you were stuck without hot water, you’d be stuck in a painfully un-enjoyable cold shower and your day would most likely be ruined.

If you value a warm shower and are in the market for a new hot water heater, there are a few things to consider. First, you should know that there are two types of hot water heaters: traditional water heaters and tankless water heaters.

What are the Differences Between Traditional and Tankless Water Heaters?

Traditional water heaters can preheat 30 to 50 gallons of water in a tank at a time. Once the tank is empty, the water then refills on its own so that it can continue preheating water. A tankless water heater runs on electricity or gas and uses that to heat up the water. This heater heats up the water on-demand. It doesn’t store water.

Next, when you’re looking into getting a water heater, you must decide which one to get. This is a good time to look at the pros and cons of each tank.

What are the Pros and Cons of a Traditional Water Heater?

First, a traditional water heater is cheaper to install than a tankless heater. It’s also easy to replace and doesn’t cost as much if it needs repairs. However, since it is a tank, it is extremely clunky and it can be hard to find a place to put it. It also doesn’t have a super long life expectancy. Traditional hot water heaters only last about 10 to 15 years.

What are the Pros and Cons of a Tankless Water Heater?

Tankless water heaters don’t use as much energy as traditional water heaters do. This can be extremely helpful if you’re looking to lower your utility bill. When looking for the best tankless hot water heater on the market, keep in mind that they tend to last for at least 20 years. Even though the best tankless hot water heaters last longer than a traditional water heater, they do have a higher initial cost. The best hot water heater can cost up to $4,500 to be installed.

In order to choose which is the best option for you, decide on your hot water usage. If you’re only using hot water occasionally, a traditional hot water heater might be a better option over a tankless water heater. However, if you are constantly using hot water, finding the best tankless hot water heater option for you might be a better option.