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Your water heater is an essential part of your home, and if you have a traditional storage tank heater, it’s pretty hard to miss. Traditional water heaters store tens of gallons (depending on the size of your home and your family’s needs) of water in a metal tank. When you turn on the hot water tap, the water leaves the tank and travels to your faucet.

But many homeowners are opting for tankless water heaters, as they become more accessible and the benefits more widely known. Tankless heaters skip the giant tank and instead opt for real-time water heating. Water gets heated as it passes through the unit then travels to your tap.

Here’s why so many smart homeowners are switching to tankless water heaters.

Efficiency & Cost Savings

The most significant benefit to switching to a tankless water heater is that they are more efficient than traditional storage units. With storage tanks, water is being held and heated whether you use it or not. So if you are gone for work all day, energy is being used to heat the water, only to have it sit in the tank.

With a tankless heater, there is very little wasted energy since the heat only operates while you draw the water. This amounts to less heat used and a decrease in your energy costs.

Smaller Footprint

What you’ll probably notice first about the tankless water heater is that it’s a lot smaller than the tank water heater. This allows you to gain some space back in your garage, closet, or wherever your unit is located.

Extended Lifespan

Tankless water heaters can last anywhere from five to ten years longer than a tank water heater. So not only are you saving on your monthly costs, but you won’t have to worry about replacing the unit for a long time.

Endless Hot Water

Tankless water heaters also differ in that they can provide an endless supply of hot water. Many families have experienced frustration when they suddenly run out of hot water and have to wait for their tank to reheat a new batch. This problem is avoided with a tankless water heater as the water is heated while you use it, and the heater can continue to heat the water as long as you need.