Tankless water heaters are growing in popularity in the United States, but are they that much better than traditional water heaters, and should you consider upgrading?

Pros: Tankless water heaters are more efficient because they only heat water as needed, so you spend less on energy bills. Tankless water heaters take up much less space and can be wall-mounted, making them ideal for small homes and apartments or for people who don’t want a massive tank taking up valuable floor space. People mainly love tankless systems because they provide unlimited hot water. Unlike storage tank systems, a tankless water heater heats water as it comes into the system, giving you an unending supply. Finally, tankless water heaters can last up to twice as long as a standard water heater, making them a more valuable investment.

Cons: The biggest drawback of a tankless water heater installation is its high upfront cost. However, many argue it’s worth it for the energy savings and the extended system lifespan. Another drawback is that some tankless water heaters may cause a drop in water pressure if you use multiple water sources simultaneously. Finally, although they supply an unlimited amount of hot water, they may not be able to keep up with high hot water demands, like running the shower, the dishwasher, and the washing machine simultaneously.