While most homeowners have a traditional tank water heater, many homeowners have decided to make the upgrade to a tankless model. Tankless water heaters don’t keep a supply of heated water on hand at all times (hence the lack of a tank!), but instead, they heat water on demand through a coil. What are the pros and cons?
In general, tankless water heaters require less space to install. However, some models may need to be installed very close to the fixture they supply. This can save money and space due to less piping, but it may also take up valuable storage space near the fixture. Overall, tank water heaters consume more energy, which can mean consuming more money. While tankless water heaters may save you money over time due to their reduced energy usage, they will likely cost a bit more upfront. Additionally, you may need to upgrade your home’s electrical systems to accommodate the water heater, if you have an older home.
