For modern homeowners, technological advancement in household appliances is a great priority as it helps improve the overall home function and energy efficiency. One of the household appliances that is gaining popularity is a tankless water heater also known as an on-demand or instant water heater. Many homeowners are now upgrading the traditional big and bulky water heaters and replacing them with small and energy-efficient tankless water heaters due to the many benefits that they offer.

If you are planning to upgrade or install a new water heater in your home, I would highly encourage you to choose a tankless water heater model. The following are some of the top benefits of installing a tankless water heater.

1. Saves you on energy costs

One of the advantages of tankless water heaters is that it saves you money when it comes to energy bills. Tankless water heaters are highly energy efficient. The cost of heating water constitutes up to 30% of energy bills in most homes when using conventional tank water heaters. 

This is attributed to the fact that the stored hot water that is preserved in the tank awaiting the next use will usually cool down with time if there is no immediate use and you will eventually be required to reheat it. 

However, when you upgrade or install a new tankless water heater, you can be able to cut the monthly energy bill costs by 50% because it will only heat enough water that meets the current demand. 

• Saves space

The traditional big and bulky water heater tanks occupy a bigger space compared to the tankless models and this can interfere with proper house planning and arrangement.  When homeowners switch to tankless water heaters, it becomes easy to install them in a cabinet, wall-mount, or closet due to their small and compact size. 

A tankless water heater will only require a small space thus, leaving you with a spacious room that can be used to store other home appliances and assets.

• Long durability and zero leakages

When you install a tankless water heater, you will say save money on frequent repairs and replacement costs. Tankless water heaters are more durable compared to traditional tank water heaters.

You will also not experience sudden flooding in your home due to frequent leakages that are common with tank water heaters.  A tankless water heater does not hold hot water and it only dispenses the needed quantity on-demand basis and stops when the hot water faucet is turned off.

• It reduces water wastage

When you install a tankless water heater, you will drastically reduce your footprint by saving the amount of water that you use by more than 20%. You get your water heated instantly thus reducing the waiting time when showering or doing other tasks and the amount of water used is also reduced. 

Less water use means you will also save on your monthly utility bills. As a way of encouraging more homeowners to switch to energy-efficient home appliances like tankless water heaters, governments, and other institutions are also offering homeowners with tax incentives and special financing options.

• There are different tankless water heater models to choose from

Tankless water heaters are available in many options. In terms of fuel options; homeowners can choose either gas or electric tankless water heater models. In terms of sizing options, one can choose either a small point-of-use model or whole-house for those homeowners with bigger homes and prefer larger tankless water heater models.