Choosing an efficient water heater will help you provide plenty of hot water for your Sarasota, Florida, a home without wasting energy. A new water heater can even pay for itself over time through energy savings. Before you decide on a water heater, make sure to consider the size, the fuel source, and the initial cost of the different water heater types. There are many water heater types available, including storage, tankless, heat pump, and condensing models.