The main benefit of tankless water heaters is that they are more energy efficient than traditional tank water heaters. Unlike traditional tank water heaters, tankless water heaters do not require a large storage tank that takes up valuable space in your home. Tankless water heaters only heat the water when it is needed by using a series of coils to heat the water instead of constantly having to keep a large tank of hot water at the ready. This can significantly reduce your energy bills, as tankless water heaters use up to 35% less energy than tank water heaters.
Not only are they smaller and more energy efficient making them a great choice for small homes and condos that don’t have a lot of space, but they are also more reliable. Since you don’t need a large tank of hot water that can rust or corrode, tankless water heaters can last up to 25 years with proper maintenance. This is significantly longer than the lifespan of most tank water heaters, which usually need to be replaced every 8-12 years.
Overall, a tankless water heater provides hot water on demand, is energy-efficient and takes up less space than traditional hot water tanks. They can be added to an existing system or incorporated into new construction.