Basement Guides
BG

BEST TANK WATER HEATERS

When you make purchases through links on BasementGuides, we may earn an affiliate commission.

WHAT IS A TANK WATER HEATER?

Tank water heaters have two jobs: to heat water and to store it. These two tasks allow you to have hot water when you turn on the faucet or the shower. Virtually every house in America has a water heater – whether gas or electric – although knowing which one is best is often difficult.

Our guide is designed to showcase the best one the market across a variety of different categories, so you can make the smart decision for you and your family. For more information on tank water heaters, visit our What is a Tank Water Heater page and the Average Cost of a Tank Water Heater page.

METHODOLOGY

We compared a number of different water heater models to select our picks. We compared based on the following criteria:

  • Reliability
  • Price
  • Storage
  • Energy Efficiency
  • 'Smartness'

Although we compared across all of these features, extra weight was given to that of reliability – after all, a smart heater that connects with all your devices is useless if it doesn’t effectively heat water. This, therefore, became our ultimate priority.

OUR OVERALL WINNER

The Rheem Performance Platinum Hybrid High Efficiency Smart Tank Electric Heater took our overall prize. It is a quiet, reliable piece of machinery with high-quality elements that reduce the chance of maintenance issues over time.

It is Energy Star rated with an impressive energy factor of 3.55, allowing you to recoup hundreds in energy costs each year. In addition, this water heater comes with smart features like built-in leak detection and “Vacation Mode” so you can easily stay head of any maintenance issues, maximize efficiency, and cut costs.

Topped off with a significant 10-year warranty, this is a water heater that allows you to sleep soundly at night knowing that it is constantly working to save you money and that you are protected for a long time.

QUICK COMPARISON CHART

Rheem Platinum

Performance

A. O. Smith

Signature

Westinghouse

60 Gal

Voltex Hybrid

Electric

COST

$1,299

$449

$2,655

$1,299

FIRST HOUR

RATING (GPH)

70

84

157

66

UNIFORM

ENERGY

FACTOR

3.55

0.62

0.88

3.45

WARRANTY

10 YEARS

6 YEARS

10 YEAR (LIMITED)

10 YEARS

TANK

CAPACITY

(GALLONS)

50

50

60

50

BEST OVERALL TANK WATER HEATER
Rheem Performance Platinum
50 Gallon Hybrid High Efficiency
Smart Tank Electric Water Heater

Rheem combines a trusted, well-established brand name with a seriously impressive model. The future is all about smart machines, the Internet of Things, and connectivity. The Rheem Performance Platinum series encapsulates that perfectly.

Some of the smart features it offers include the ability to set your water temperature with your phone, leak detection, and other service alerts that will be sent directly to your phone, so you can relax knowing that if something in your water heater needs attention, you will be the first to know.

It also allows you to switch on High Demand mode for when you need more hot water, for example if you have guests staying with you and thus more people showering than usual, and Vacation Mode for when you are away and don’t need it to waste energy and money heating water that no one will use. The Rheem Performance Platinum adjusts to your specific needs and makes your home more connected and energy-efficient, all while saving you money. 

$

COST

The Rheem Performance Platinum cost is around $1,299.

Rheem Performance Platinum Specs:
  • Dimensions: 22.25 x 61 x 22.25 inches
  • Tank Capacity: 50 gallons
  • Fuel Type: Electric
  • Uniform Energy Factor: 3.55
  • Warranty: 10 years
PROS
  • Smart. The WiFi connectivity gives you a host of connectivity options, from your phone to a Google assistant - you can control and automate almost any task you can think of.
  • Reliable. Despite its forward-looking features, it still does the basics well; providing a reliable, robust model.
  • Efficient. Its 3.55 energy factor is outstanding.
CONS
  • Installation. The model’s complexity makes installation a bit trickier. You can expect to pay a little more for installation.
  • Connectivity. Although it is smart, it connects only with Google devices - if you’ve got another model, it might not be as smart as it could be.
What People are Saying:

Purchased this unit last week to replace our existing 12 year old electric water heater. Our power company offered a $500 rebate for installing one, and the efficiency compared to the standard electric water heaters is insane, making the cost more palatable. – Home Depot reviewer

BEST BUDGET TANK WATER HEATER
A. O. Smith Signature 50-Gallon

The A. O. Smith Signature 50-gallon is an all-star. For less than $500 you get a 50-gallon tank with a first-hour rating well in advance of models that cost two or three times as much.

The simplicity of the machine (it has a ‘no-frills’ design and approach) is actually a strength, as the absence of too many moving parts makes it less likely to break down. Its components work exactly as they are designed to and its robust build means it will last you a long time.

If you want a water heater that will do its job reliably and efficiently, you can’t go wrong with this model. It’ll keep working day in and day out. This model is a real value option with premium performance.

$

COST

The A. O. Smith Signature 50-gallon water heater costs around $449.

A. O. Smith Signature 50-Gallon Specs:
  • Dimensions: 60.75 x 22 x 22 inches
  • Tank Capacity: 50 gallons
  • Fuel Type: Gas
  • Uniform Energy Factor: 0.62
  • Warranty: 6 years
PROS
  • Price. At less than $500, you will struggle to find a model cheaper, let alone one that is both better and cheaper.
  • Simplicity. The simplicity of design and components makes installation easier and diminishes the likelihood of breaking.
CONS
  • Not smart. Unlike other new models, the A. O. Smith has no integration with other appliances in the home.
  • Warranty. The 6 Year warranty is lower than others on the market.
What People are Saying:

“Water heats up as quickly as expected and unit is relatively quiet when burner is ignited. Excellent replacement water heater with a solid construction.”– Geno, SupplyHouse reviewer

“Easy install, requiring minor modification to existing pipes in order to make it fit. Replacement of the exiting water heater took about three hours for two of us – from emptying the old water heater to pressurizing and leak checking the new one. For a family of four we keep it at the low temperature setting and water is always enough” – TJ, Lowe’s reviewer

BEST HIGH-CAPACITY TANK WATER HEATER
Westinghouse 60 Gal

If you have a large family – or simply hate running out of hot water – then this is the 60-gallon model for you. Although it comes in at an eye-watering $2,655, it will not only heat large amounts of water but will keep it warm for you.

Despite its size, the energy efficiency of this model is also impressive, helping to keep your running costs down. Put another way, if you have the cash to spend upfront, this model will pay for itself over the course of its life.

$

COST

The Westinghouse 60-gallon model costs about $2,655.

Westinghouse 60 gallon Specs:
  • Dimensions: 33 x 53 x 23 inches
  • Tank Capacity: 60 gallons
  • Fuel Type: Gas
  • Uniform Energy Factor: 0.88
  • Warranty: 10 year limited warranty on tanks (with online registration); 1 year parts
PROS
  • Capacity. The size of this model - 60 gallons - should be more than enough for even the largest family.
  • Efficiency. This model is Energy Star rated and touts a 97% thermal efficiency.
  • Corrosion-resistant tank. The stainless steel, laser-welded tank resists corrosion all on its own so there is no need for an anode rod. Additionally, this means no need for you to regularly inspect and replace an anode rod.
CONS
  • Price. At more than $2,500, this one doesn’t come cheap.
  • Difficult to install. Can require specialized expertise to install, as the heater requires precise combustion tuning.
What People are Saying:

“The Westinghouse 60 Gallon water heater is one of the largest tanks available on the market today. Made of stainless steel with multiple vents and advanced electronic controls, the tank is designed to be energy efficient and highly controllable in terms of water temperature.” – The Spruce

“This unit is dead simple. It has a blower, gas valve and burner in the middle of the unit, small control board at the top and exhaust and condensation at the bottom. Everything is easily accessible and replaceable by removal of the front panel. ” – Home Depot reviewer

BEST HEAT PUMP SYSTEM
A. O. Smith Voltex® Hybrid Electric
Heat Pump 50-Gallon

The primary advantage of a heat pump system is energy efficiency. Within the heat pump field, it’s hard to beat the Voltex model, with a UEF rating of 3.45, and a 50-gallon tank.

This one has an estimated 73% lower running cost than traditional tank heaters, meaning that you’ll start to really notice the difference in your energy bills. At around $1,300, this represents an investment that should pay dividends.

$

COST

The Voltex Hybrid Electric 50-gallon heat pump system costs around $1,299.

Voltex Hybrid Electric Heat Pump Specs:
  • Dimensions: 63 x 22 x 22 inches
  • Tank Capacity: 50 gallons
  • Fuel Type: Electric (hybrid)
  • Uniform Energy Factor: 3.45
  • Warranty: 10 years
PROS
  • Efficiency. A UEF rating of 3.45 and a hybrid heat pump system makes this model utilize every penny out of its running expenses.
  • Running Cost. The efficiency means less money spent on heating water - an estimated 73% less in most cases.
CONS
  • Climate. If you live in a warm climate, this model may be overkill as it’s unlikely you’ll need to heat water to the extent that this model does.
  • Price. There are cheaper heat pump models on the market that offer a comparable service.
  • Noise. Some people complain of noise levels, saying it sounds like an old refrigerator running.
What People are Saying:

“At times I have 4 adults taking (long hot) showers, doing laundry, washing dishes, and have never run out of hot water, even in the efficiency mode. Runs less than $0.50 “per day.” When placed in your garage you hear nothing in your house, and your garage cools down. These types of units are most advantageous in year round hot climates. I am also in West Palm Beach, Florida. This brand and this unit is a ‘no brainer!’” – SupplyHouse reviewer

“I installed the 50-Gallon, Tall, 4500-Watt Hybrid about six weeks ago. I’ve only received one electric bill so far. It was about $20.00 less than the previous month but we have also started into the winter heating period so I would say the water heater is doing a great job.” – Lowe’s reviewer

With the rise of smart heaters, there’s a whole other set of questions when it comes to buying a water heater.

However, at its core, you need a model that will heat your water efficiently and reliably, and provide enough water for your home and family. Hence why the A. O. Smith model was our overall winner – nothing does the fundamental job of heating water better at a better price point. You may need some slightly different features, but if you want an unfussy, solid heater, you can’t go wrong with that model.

Basement Guides
    • About us
    • Contact Us
    • Privacy Policy
    • Terms & Conditions
    • Disclaimer

BasementGuides.com is a free service to assist homeowners in connecting with local service contractors. All contractors are independent and this site does not warrant or guarantee any work performed. It is the responsibility of the homeowner to verify that the hired contractor furnishes the necessary license and insurance required for the work being performed. All persons depicted in a photo or video are actors or models and not contractors listed on this site.

Copyright © 2022 BasementGuides.com. All Rights Reserved