Tankless water heaters offer the best in efficiency and comfort. Up to 97% efficiency for gas models. They provide endless hot water, and only heat the water that you use.
Benefits to going with a tankless versus a tank is:
- Energy savings, they cost less to operate
- Space saving, regain lost space, about the size of a large suit case
- Endless hot water, if you are running out of hot water, these are the best option for you
Drawbacks of going tankless
- A smaller increase in initial cost to install, but the overall energy savings outweigh the initial cost