Although everyone who owns a home must have a water heater, you have many more options about what kind of water heater to purchase than you may have realized. Have you ever thought about purchasing a tankless water heater? Before you run out and purchase a tankless water heater, you must first make sure that your home will be compatible with having one. If it is not, then there’s no point in even thinking about owning a tankless water heater. If however, you find that your home is compatible with owning a tankless water heater, there are many benefits to owning one.

The first benefit to owning a tankless water heater is the life expectancy of one. A traditional tank water heater will only last for about ten years. A best gas tankless water heater was designed to last approximately 20 years. Oftentimes, with proper maintenance and upkeep you will find that a tankless water heater can last even longer than 20 years. This means you will have to replace your tankless water heater far less frequently than you would have to replace a traditional water heater.

The size of a tankless water heater is also a great benefit. A typical tankless water heater is approximately the size of a briefcase. Because of this, it can be stored almost anywhere, as opposed to the large bulkiness of a traditional tank water heater.

The point of a tankless water heater is to have hot water on demand. Since the water is heated the moment you turn it on, you will no longer have to wait for the water to heat up when you turn it on. This means instantaneous hot showers for however long as you like as opposed to having to wait for the water to heat up after you turn it on, and taking a quick shower so that you don’t end up with a cold shower the way you would if you have a traditional water heater. This applies to all water sources in your home, not just the shower. Wouldn’t it be nice to have hot water to cook with as soon as you turn it on instead of waiting for lukewarm water to heat to a boil so that you can use it properly? You could have this if you choose to go with a tankless water heater.

In addition to the cost you will save by being able to use a tankless water heater for twice as long as a traditional tank heater, there are other ways you’ll be able to save money with a tankless water heater. Since a tankless water only heats the amount of water you will need on demand, as opposed to having a huge tank of heated water in your traditional tank water heater, you will save money on both your power bill, and your water bill. Most states even offer a tax credit for going green if you have a tankless water heater.

The next time its time to replace your water heater, you may want to think about replacing it with a tankless version.