The days of needing a whole separate closet for your water heater are over. Nowadays, more homeowners are choosing tankless water heaters as a way to save money without sacrifice. But what makes tankless units so different from traditional water heaters, other than their size?

Here are 5 benefits of a tankless water heater to help you decide if going tankless is right for you.

1. Tankless Water Heaters Save You Money on Energy Costs

For every dollar on your energy bill, about 18 cents goes to the water heater. It’s expensive to constantly reheat the same water, and you’re paying for it even when you’re not using it.

A better way is to only heat water as you need it. That’s the concept behind the tankless water heater, which quickly heats water as it’s being used. This way, you’re not paying to heat water you don’t need, which reduces energy waste and saves you money every month.

2. Get an Endless Supply of Hot Water

Traditional tank water heaters store a large supply of water at a time and continually heat that water. Eventually, though, the tank will run out, which means you’ll need to wait until it refills and heats the water. This is why a family of four might not all be able to take hot showers in the same morning.

Tankless water heaters heat water as it’s being used, which means you never run out of hot water. It uses powerful technology to quickly heat water so there’s no lag in availability. You can even run multiple showers and a dishwasher at the same time!

3. They Take Up Less Space in Your Home

Tankless water heaters hang on the wall and are relatively compact compared to tank units. Installers have more options as to where the unit can be placed, which helps you maximize your living space. Some may even be installed outdoors.

This is a huge plus if you’re planning to sell your home in the near future. Tankless water heaters are a favorite feature among home buyers, which may increase the value of your home. And since tankless water heaters give you more livable space, that value may increase even more.

4. Replace Tankless Water Heaters Less Often

The average tank water heater lasts about 10-15 years with regular maintenance. By comparison, a tankless unit will last at least 20 years (and sometimes longer!), helping you save money and hassle over time.

One reason is because tankless units are less susceptible to mineral buildup since they don’t store large amounts of water. This not only leads to better performance but also less maintenance.

5. They Offer Better Protection for Your Home

If you’ve ever been on the receiving end of a water tank leak (or worse, an explosion), you know how devastating the damage can be. Even a small leak can deteriorate floors, walls, and baseboards, especially if it goes unnoticed in an unused closet or utility room.

Since tankless units don’t store massive amounts of water, they pose less damage to your home in case of a leak.

Choosing Your Tankless Water Heater

In a world where efficiency, convenience, and sustainability are becoming paramount concerns for homeowners, the popularity of tankless water heaters has skyrocketed. They help you preserve precious space in your basement or utility rooms while providing an endless supply of hot water — and that’s something everyone can get on board with.

If you’re interested in going tankless, consult with our team today.