It depends. A tankless water heater is sometimes referred to as a Point-of-Use (POU) or instantaneous water heater. Due to the relative small physical size of a tankless water heater compared to a storage tank water heater, a tankless option can be advantageous from a space saving perspective and can sometimes be installed closer to where you want hot water (hence the term POU). However, tankless heaters are not suited for many applications, so it is critical that before choosing to go tankless you have carefully considered all of the factors that sometimes make the tankless option more complicated and risky compared to a storage type water heater. In particular, you should understand the operational characteristics, maintenance requirements, reparability, and sometimes significant installation requirements of a tankless water heater before making a decision. Tankless units do not store heated water like a storage type water heater; they only heat water as there is demand and therefore must be sized to meet the maximum flow for the application. In some cases a tankless water heater may improve operating efficiency, but possibly at the expense of user comfort. Hubbell tankless water heaters are available in Electric Tankless or Gas Tankless.