Tankless water heaters offer many positives such as long-term energy savings, endless hot water, space saving and strategic placement, no risk of water damage and they produce and supply endless streams of hot water to multiple outlets simultaneously.
Tankless heaters are up to 30 percent more energy efficient than a traditional natural gas water heater and up to 50 percent more efficient than an electric water heater. They shut-off automatically when the water supply is closed, providing users with energy savings. Lastly, these water heaters are compact wall mounted units with a life expectancy of 20 years, whereas hot water tanks require about 16 square feet of floor space and usually last around 10-12 years.