Vacation Home: Tank or Tankless Water Heater?
LESLIE: Scott in North Dakota is on the line with a water-heater question. What’s going on?
SCOTT: I’ve got a cabin that we’re going to remodel and I was wondering if it’s better to go with a tankless water heater or a tank one, because we’ve got – well, we’ve got to drain everything in the winter. But I was kind of looking online and stuff and what the difference between them. And the tankless ones only raise at a certain amount of temperature. And up here, the groundwater is usually about 40 degrees, so…
TOM: So, first of all, we’re talking about an electric water heater versus an electric tankless?
SCOTT: Correct. Yep, yep.
TOM: Yep. I would definitely go with an electric tank water heater and I would install that water heater on a timer so that you can control when it comes on and off. Because especially being a vacation property, you’re not going to want that on in the middle of the day. You’re probably going to want to have it come on for a few hours in the morning and a few hours in the evening. And that will save you a lot of cost.
SCOTT: Well, great. That answered a lot of questions.
TOM: Alright. Well, good luck with that project, Scott. Thanks so much for calling us at 888-MONEY-PIT.