● Environmentally Friendly: The beauty of tankless water heaters means that they’re not periodically turning on to keep the gallons of water at 120 degrees. The only time the water is heated is when you’re using it. This means you’re using less energy throughout the day. Not only will this save you money each month on your energy bill, but it also reduces your environmental footprint.
● High Efficiency: With the tankless water heaters using less fuel or electricity, the efficiency increases to about 80-99%, as opposed to a 40-60% with the tank. Overall, you’ll conserve more energy throughout the house, no matter where the water is run.
● Long-term Savings: Tankless water heaters can last 20 years or more depending on their regular maintenance, where a tank water heater will only last 10 to 15 years. The upfront installation cost for a tankless water heater is a little more expensive, but how much you’ll be saving each month gives a payback period about 10 to 25 years. Those years you’ll end up getting paid for having such a sufficient tank working flawlessly in your home. If you have an electric tankless water heater, you could be getting even more payback than a gas model.