Tankless water heaters have emerged over the last decade as the new standard for water temperature control. But do tankless water heaters save you money? Below, we compare tank water heaters and tankless water heaters and which one is best for your home. If you would like to know more about the features and benefits of tankless water heaters, contact Steve’s Plumbing & Heating. We’re here to answer all your questions.


Tank vs. Tankless: What is the Difference?

The main difference between a tank water heater and the tankless water heater is how each operates. 


A Tank Heater. Tank water heaters have been operating the same way since their inception. The tank stores water that can be heated on demand. Once the tank disperses all the hot water, it runs out until it fills up again. The tank does all of this automatically.


A Tankless Heater. Tankless water heaters work very differently from tank heaters. Rather than storing water, a tankless unit flash heats the water as it passes through an element in the unit. The action happens so quickly that it’s able to heat an extended flow during its use. Thus, you can take a long shower or operate an appliance, and the hot water will continue.


How Much Does Each Cost?

Tankless does cost more than conventional water heaters. In either case, you can have standard units or pay a little more for higher-end heaters. A dependable, quality tank heater usually runs between $500-$700. Tankless water heaters can come with a price tag of about $1200. We can install either for a nominal fee. Regardless of which direction you go, a Steve’s Plumbing & Heating technician will ensure that your water heater is installed according to building codes and industry standards, as well as manufacturer’s specifications.



The most notable quality of any water heater is how efficiently it performs. Translation: how much money you’ll save. Reports vary on how much cash you’ll save on a tankless heater. Most experts estimate that you’ll spend anywhere from $80 to $200 per year by using a tankless water heater. Much of this depends on the annual water consumption in your home. If you have a large family, you may see a savings of up to $300 annually. There’s no question that tankless heaters are more energy-efficient than traditional models. The main reason for this is because you don’t have to wait for the water to heat up. You get instant hot water. If you’re taking a shower, you can jump right in without wasting several gallons of water before it heats up.


Steve’s Plumbing & Heating Installs Water Heaters

No matter what type of water heater you’re looking for, Steve’s Plumbing & Heating can install it for you. We provide a wide range of services including fixtures, drain maintenance, water heater installation,  and kitchen remodels. We offer work of the highest quality, efficient service, and affordable rates. To schedule a repair, contact us at 715-421-1800, or you can message us on our contact page. We provide service for residential properties in Wisconsin Rapids and Central Wisconsin areas.