Household equipment doesn’t get much more essential than a water heater. You literally can’t do anything without it! However, the necessity of a water heater doesn’t mean you have to put up with an eyesore in your basement or tolerate sky-high heating bills as a result.

Tankless hot water heaters are the answer for those building a new home as well as those buying a house that is decades (or even centuries) old. Installing a tankless hot water heater will not only improve the look of a home but also save its occupants money while helping the environment. Read on to learn more about the benefits of tankless hot water heaters.

The Benefits of Tankless Hot Water Heaters

Simply put, installing a tankless hot water heater increases a household’s efficiency. First of all, the limitless supply of hot water comes in a far smaller package than the usual water heater. You know how unsightly a water heater looks in a basement. Well, tankless hot water heaters are as large (or small) as a suitcase and can be installed either inside or outside a house. All that space that used to be taken up by a water heater can now be used for something useful!

Tankless water heater savings provide both immediate and long-lasting financial advantages to a homeowner. The installation of a tankless hot water heater will save as much as 40 percent on energy bills. And once installed, a tankless hot water heater is good to go for up to 20 years—quite an improvement over the usual water heater, which tends to need replacing after just 10 years.

Installing a tankless hot water heater will also improve the quality of life for those living in the house. Traditional water heaters store hot water in a tank, which often results in the tank rusting and dirtying the water a family uses for bathing, drinking and washing dishes. But a tankless hot water heater heats water only as needed, so you can rest easy knowing you’ll be consuming and using the highest quality water possible.

Along those lines, there’s no wasting of water or other resources with tankless hot water heaters. Cutting down on the energy bill helps the homeowner’s wallet as well as the environment. And the environment is also aided by the small size of a tankless hot water heater. Not only are far fewer materials used to construct it, but disposing of it when it needs to be replaced is much easier and will take up much less space in a landfill.

The installation of a tankless hot water heater is a bit pricy—as much as 2.5 times as expensive as installing a regular water heater. But it won’t take long for the savings generated by any variety of tankless hot water heaters—cosmetic, economic and otherwise—to outweigh the initial investment. Families of all sizes and in houses of all ages and types can profit from a tankless water heater. Don’t wait to modernize your water heater—do it today and begin saving now!