These days, many homeowners are investing in tankless water heaters as an efficient alternative to traditional water heaters. Tankless water heaters provide a range of benefits, from energy savings to space savings. Here, we’ll look at a few of the major positives of this type of water heater.

The first and most obvious benefit of a tankless water heater is that it is much more energy efficient than a traditional model. Since the tankless system does not need to keep large amounts of water heated all at once, it only runs when hot water is needed. This significantly reduces energy consumption, resulting in monthly savings on utility bills. Furthermore, tankless water heaters have an energy factor of .82 or higher, much more efficient than the standard of .50.

Another way tankless water heaters provide value is that they save space in the home. Traditional water heaters often take up a lot of space and can be bulky and difficult to move. Tankless systems, however, are much smaller in size. Those living in apartments or other small-space living situations can benefit from this type of system, since they don’t need to worry about finding room for a large water heater.