There are both pros and cons to purchasing a tankless (or on-demand) water heater. While tankless water heaters will cost more upfront, you will enjoy energy savings of 10% to 30% annually depending on how much hot water you use each day. Tankless water heaters also last approximately twice as long as traditional water heaters. They deliver hot water immediately, so you don’t waste time or water waiting for your water temperature to rise. If you have a smaller home, tankless units take up far less space. Some drawbacks include a higher initial purchase price and installation costs, especially if you are replacing a traditional water heater with a tankless unit. You can also expect more expensive upkeep as tankless water heaters generally cost more to repair. They can be “output-challenged,” so if you regularly use hot water in multiple locations at the same time, it may not be able to keep up. If you are thinking about replacing your water heater, give us a call, and we can assist you in determining which option is right for your home and family.