Common Types of Water Heaters: 

There are four main types of water heaters: Tankless Water Heater, Heat Pump Water Heater, Electric Storage Water Heater, and Gas-Fired Storage Water Heater. Each type has its own benefits, so let’s take a look at each one.

1. Tankless Water Heaters 

When it comes to types of water heaters, tankless water heaters (also known as instantaneous or on-demand) are a great choice if you need hot water quickly. These models don’t store any hot water, but instead use gas or electricity to provide you with hot water right when you need it. With no storage tank involved, you don’t have to worry about maintaining one; in fact, tanks can actually increase your utility costs over time due to storage losses. A second big benefit is that you won’t have to wait for your tankless heater to fill up before getting hot water—just turn on a faucet and start washing dishes, taking a shower or doing laundry.

Tankless Water Heater Benefits

• Unlike a traditional tank water heater, which heats and stores water in a large storage tank, a tankless water heater only heats water as it’s needed. This means that if you live alone or have one bathroom, you don’t need to heat gallons of water at once just to get ready for your day. 
• A tankless system heats on demand, meaning you can take a shower and run your tap at the same time without worrying about running out of hot water. If there are more people living under your roof, these types of systems save tons of money because they do not use much energy while still providing plenty of hot water. 
• If you’re looking for an environmentally friendly option, tankless systems work well because they don’t create greenhouse gases like regular heating systems do. 
• And finally, tankless systems save space – no more storing gallons upon gallons of water in advance! Manufacturers also make tankless heaters that include on-demand features with electric resistance elements to heat your water even faster. 

These models are cost-effective options that use less energy than other electric hot water heaters. They’re a good choice if your household is big or if you live in a rural area where it might take longer to get water from your tap to your shower head at certain times of day.

3. Electric Storage Water Heaters

These use electricity to heat water. This is less efficient than using natural gas, but costs are still low since hot water can be produced 24 hours a day. There are two types of electric storage water heaters – active tank systems, which keep hot water at a near-constant temperature all day, and passive tank systems, which hold less hot water than active tank systems but take longer to lose their heat overnight. Passive tank systems are typically cheaper to buy but more expensive to operate.

Electric Storage Water Heater Benefits

The majority of water heaters in US households are electric storage. This is due to their ease of use, cost-effectiveness, safety, and relative longevity. These units utilize an electric heating element (similar to a household dryer or oven) that boils and stores hot water as it slowly cools down. When you’re ready for hot water, you simply turn on your faucet and enjoy instant access to hot water – but because they don’t have a continuous flow of power (like tankless or solar), they require some time before they can produce more hot water once they’ve run out. 

They are also stored in tanks so they are insulated and provide optimal temperatures even after hours of not being used. If you live in a colder climate, these units allow for maximal heat conservation by not using any electricity while waiting to be used again; though keep in mind that older models need a significant amount of insulation around them to retain temperature while newer models can be installed with minimal or no insulation at all.