Tankless water heaters – If you have done a little research into this topic already, you will know exactly what the drawback to tankless water heaters is – the initial cost. However, you need to look at it as an investment just as you would in a business. Although you will be investing more by choosing to go for a tankless option, you will see the benefit in the long run because you will be using significantly less energy and therefore your bills will be severely reduced.
If you look into the tankless market, you will also find condensing tankless water heaters and these are even more energy efficient. Ultimately, these models will use the heat from the combustion gases to then heat the water again. With this in mind, efficiency rating is thought to be between 90-98% for condensing models. Even without the condensing addition, tankless water heaters are still incredibly efficient at around 80%.
Finally, the storage problem we saw with tanks no longer exists because there will be an unlimited supply of hot water. If you have a family all living under one roof, this is a fantastic advantage.
