Tankless water heaters are becoming more popular with each passing year. You may have recently thought about buying one yourself, but wanted to learn a little more. The purpose of this article is to help you determine whether investing in an on-demand water heater is the right thing to do for you and your family.

Tankless heaters (which are also known as demand or instantaneous water heaters) provide water only when it is needed. Traditional heaters, on the other hand, heat the water and then keep it warm at all times, whether you need it or not. This results in unnecessary costs.

The traditional water heater not only wastes energy, but also takes a long time to heat the water. Depending on your family size and specific routine, each member may need to have a schedule to accommodate the time it takes for the water to heat up between showers and baths. Then add the dishwasher and do the laundry, and it can be a difficult task to maintain.

With modern on-demand water heaters, the days of waiting for the shower are over – two people can shower in two separate bathrooms while the dishwasher and washing machines are running simultaneously.

These state-of-the-art wonders heat water directly without using a storage tank. When someone turns on the hot water tap, the cold water runs through a pipe to the heater. If the water heater is electric, an electric element heats the water, if it is gas, a gas burner heats the water. There is always an unlimited supply of hot water because it only heats when it is needed.

Since flash heaters don’t have storage tanks, they are about five times smaller than traditional mid-size water tanks. You can mount it to the exterior wall of your home or free up valuable space in your garage or basement.

Tankless water heaters will save you money. According to various reports from consumers and other resources, a traditional water tank consumes up to 40% of the average size of a house. On-demand heaters can save you up to 50% of that cost. It’s also worth checking out local, state, and government tax credits and rebate programs that often have energy-saving programs.

Although tankless heaters appear to be expensive at first, the savings are so significant that investing in one can often be a very smart investment.