Comparing the Best Hot Water Heaters of 2023

water heater

Hot Water Heater

Hot water is a luxury that every homeowner desires. Whether you need a new hot water heater to go with a new home or you’re reeling from a plumbing emergency that rendered your old appliance useless, eventually, most owners will have to pull the trigger on a new hot water heater.

However, with the influx of new gas-powered, electric, tank, and tankless water heaters on the current market, making a final decision is tough.

Hot water heaters are an investment that you never want to take a gamble on. As your local plumbing experts, we want to take full advantage of our expertise and help you find the best products when you need them.

Here’s some insight into the latest and greatest hot water heaters for 2023.

Best Value Hot Water Heater

EcoSmart Eco 11 Tankless Water Heater
Photo Credit – The Home Depot

The award for the best value for your money goes to the EcoSmart ECO 11 Electric Tankless Water Heater.

The thought of tankless electric water heaters may bring to mind the worry of cost regarding these products. While whole-house tankless water heaters can cost homeowners up to $2,300, electric tankless options can help people save money on installation and long-term use.

If you need a smaller water heater on a budget, the EcoSmart ECO 11 is the electric, tankless option that is perfect for a smaller household of one or two people.

Some of the winning features of the EcoSmart ECO 11 are:

  • It’s under $300 price tag
  • It offers an on-demand supply of hot water
  • It is 90% smaller than traditional tank heaters
  • Self-modulating tech ensures your water heater only uses enough energy to heat water to your desired temperature

Best Tankless Water Heater

Steibel Tankless Water Heater on Amazon
Photo Credit –

If you’re ready to go “tankless”, we recommend the Steibel Eltron Electric Tankless Water Heater

When you are shopping for a tankless water heater, the Steibel Eltron is one of the best options you can find. Not only is it affordable, at $698, but it’s also an extremely space-efficient option.

Not every home is equipped to house a storage tank water heater comfortably. With the Steibel Eltron model, you can access instant hot water without sacrificing any valuable closet space in your home.

Some of the key reasons we’ve dubbed this selection the best tankless option are:

  • Easy installation
  • Maximum flow rate of 5 gallons per minute
  • Easy temperature control
  • The electric option helps reduce energy costs

Best Storage Tank Water Heater

Rheem 40 Gallon Water Heater from Home Depot
Photo Credit – The Home Depot

Suppose you have a family and aren’t ready to leap into the tankless option for a water heater. In that case, a tank heater guarantees you’ll receive enough hot water to keep your household comfortable.

If a tank water heater is what you want, Rheem’s BTU Natural Gas Tank Water Heater is what you need. The 40-gallon water heater tank can deliver 68 gallons of hot water within its first hour of use per day.

The Rheem water heater comes with a 6-year limited warranty on the tank and parts and a 1-year in-home labor warranty.

This heater has a narrow tank profile that doesn’t take up too much space but offers enough power to heat water for a family of 4.

For easy installation and little to no maintenance outside of an annual plumber’s inspection, we feel like you can’t go wrong with this model.

Hot Water Heater Questions?

If you have questions about hot water heaters, or you know it’s time to install a new water heater on your property, let the experts of Plumbing Dynamics help you get the job done right. We have the experience to repair your hot water heater or install new tankless water heaters in your home.  We can help you keep your hot water hot all year long.

Contact us today at 214-929-3431 to learn more about our services.