Perhaps, you have to spend an extra sum to buy a tankless water heater compared to a conventional tank storage heater. But remember that it will pay you back more regularly once you start using it.

The reason - tankless water heaters have zero stand by cost. That is one factor making it the favorite water heater.

Overall, some of the main attractions of tankless water heaters are the following:

* They are energy-efficient
* No wastage of water
* Instant heating of water
* Regular flow of water
* Durable and more convenient
* Tax benefits
* zero standby loss

The standby loss is the energy wasted in the process of heating water in a conventional storage tank. In other words, it is the cost of energy used to maintain the water temperature at a specific level to be used.

Usually it is between 120 to 140 degree Fahrenheit. And, the loss comes to nearly 25% of the total heating cost of an an average American household.

Unlike the conventional water heaters, tankless water heaters do not store heated water. And they save you dollars in your energy bill.

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