Storage A storage water heater holds a reservoir of hot water and operates by releasing hot water from the top of the tank when you turn on the hot water tap. Cold water fills the bottom of the tank after use. Lasts 10-15 years. Lower purchase cost. Allows for simultaneous, multiples uses of hot water. Standby heat loss can occur, wasting energy even when a hot water tap isn't running. Tankless (a.k.a. Demand) Tankless water heaters, also known as demand-type or instantaneous water heaters, provide hot water only as it is needed, eliminating standby heat loss. Lasts about 20 years. 8%-34% more efficient than storage water heaters. Could save $100 or more annually with an ENERGY STAR qualified tankless water heater. Have lower operating costs. Higher initial cost. Hot water output limited to about 2-5 gallons per minute; multiple heaters may be needed if hot water demand is high. Solar Solar...
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