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Why Go Tankless?
Tankless water heaters offer a proven alternative to the storage tank water heaters most commonly found in US homes. Storage tank water heaters store 40 to 120 gallons of water at a time and constantly reheat that water regardless of how much is actually demanded. A tankless water heater is also called an "on-demand" water heater, because it only heats water when you turn on the hot water tap.
When you turn the hot water tap in a home with a tankless water heater, a powerful gas or electric heater kicks on and instantly heats water running through coils in the unit. Since water is only heated when you need it, you save on the costs associated with constantly heating and reheating a large tank of water. Tankless water heaters can accommodate the needs of large families and commercial buildings and can be adjusted for temperature just like the "old fashioned" storage tank water heaters.
Used for decades in Europe where living space is at a premium, tankless water heaters are a safe and reliable way to use less energy. They are also smaller than standard water heaters, saving space if you are doing new construction.