Although this technology has been around for a while, it hasn’t been until the last decade that they have really started to catch on in the United States. These tankless water heaters are just what they are advertised: tankless. Because of this, there is not the need to spend energy keeping a huge bin of water heated throughout the day. This is energy you are saving on a daily basis. By investing in a well-built, tankless water heater, you could easily cut your energy costs to power your water heater in half.
Another great feature that is often overlooked with these appliances is the fact that you will have hot water on demand all day long. Because the water is only heated as it passes through the tankless water heater, anytime you need hot water, it is right at your fingertips. This is great for large households where multiple loads of laundry or multiple showers are required daily.