Heat Pump vs. Tankless Water Heaters

On average, heat pump waters are much more efficient than tankless heaters. But they also need quite a bit of space, they make a fair bit of noise, and they also don’t give instant hot water. On the other hand, tankless water heaters use much more energy, but give an instant, constant supply of hot water.

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Breaking Down Heat Pump Water Heaters

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Utilizes Ambient Air

A huge pro is that heat pump water heaters use ambient heat from the air surrounding the unit to help heat the water.

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Pros

Long Lifespan

Heat pump water heaters have a lifespan of 10-15 years. This is an average of 5 years longer than a standard electric or gas water heater.

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Pros

Rebates & Tax Incentives

Depending on your location and the unit you choose, there are quite a few rebates that can be applied.

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Pros

Need More Space

This unit uses the air around it, so it is recommended to have about 100 square feet of open space surrounding the water heater.

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Cons

More Effective In Warmer Climates

Heat pump water heaters are naturally more effective in warmer climates.

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Cons

Higher Initial Cost

It can be over $1,000 in most cases, whereas a standard water heater typically runs less than $500.

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Cons

Breaking Down Tankless Water Heaters

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Heats Very Fast

Tankless hot water heaters get hot water to you very fast. They can heat very effectively and efficiently and, because they don’t have a tank, never run out of hot water.

1

Pros

Long Lifespan

The average lifespan for a standard electric or gas hot water heater is usually from 10 to 12 years. Tankless hot water heaters have an average lifespan of over 20 years.

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Pros

Saves Space

The average lifespan for a standard electric or gas hot water heater is usually from 10 to 12 years. Tankless hot water heaters have an average lifespan of over 20 years.

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Pros

Temperatures Can Fluctuate

If the water heater is overloaded with too many things, such as multiple showers and a dishwasher going at the same time, there can be some inconsistency in temperature.

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Cons

High Initial Cost

Tankless water heaters start at about $1,000.

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Cons

Moving Gas/Water Lines

Depending on where your old water heater was, gas and water lines may need to be moved to accommodate the tankless hot water heater.

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Cons

Where Do You Buy Heat Pump and Hybrid Hot Water Heaters?