If you are buying a new water heater, this is the right time to switch to a tankless hot water heating system. As you probably know, a tankless hot water heating system will save you money going forward. According to estimates, you can save around 20% to 30% from your water-heating bill. The main argument against tankless water heaters is that they are costly compared to conventional tank water heater
It is true that the initial investment on a tankless water heater is higher than a tank water heater. However, it is also to be understood that the subsequent monthly energy bills will be on a lower side than earlier. In fact, tankless water heaters, at an average, will last five to ten years longer than traditional water heaters.
 Bosch Pro Tankless Water Heater GWH 940 ES Propane LP US $1,124.00 
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 Bosch Pro Tankless Water Heater GWH 940 ES Natural Gas US $1,124.00
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 Takagi T-M32 LP Tankless Water Heater 240K BTU US $1,589.00
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 Takagi T-K4-IN LP Tankless Water Heater 190K BTU US $863.00
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 Tankless Electric Water Heater 8kW - Ecosmart ECO8 US $269.50
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 EEMAX ELECTRIC WHOLE HOUSE TANKLESS HOT WATER HEATER US $679.99
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 Eternal GU145 Tankless Water Heater 98% Eff Hybrid US $1,749.00
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 Noritz NR98-DVC-NG Tankless Water Heater US $1,136.25
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 Bradford White TG-199E-X Pro Gas Tankless Water Heater US $1,418.40
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 Bradford White TG-180E-N Nat Gas Tankless Water Heater US $1,208.06
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 Bradford White TG-180E-X Pro Gas Tankless Water Heater US $1,208.06
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 Bradford White TG-180I-N Nat Gas Tankless Water Heater US $1,188.87
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This ensures that you will continue to save on lower energy bills for a long period, suggesting that your initial investment will be repaid fully in due course. In addition, you should also consider that a storage tank heater would need to be replaced again in about ten years, and you are avoiding that possibility too by switching to a tankless water heater, which has a longer lifetime.
Tankless water heaters are more energy efficient with zero standby heat loss compared to traditional water heaters. They only need enough power to heat the amount of water necessary at any given moment. Also, they never run out of water. Because of their smaller size, particularly electric tankless water heaters, they can be installed anywhere you like. If installed near the outlet, you can save the time lag as well. Since electric models do not produce greenhouse gases, they are also environment friendly.
Another criticism is that, with tankless water heaters, your hot water output is divided among all your household fixtures. True, that can not be seen as a drawback , instead it is an added advantage that the a whole house tankless water heating system can solve all your household hot water requirements. Moreover, most of them come with a remote control system. Further, since it is a tankless, you do not have to bother with tank leakage, flooding and related problems.
In addition, most tankless water heater models are eligible for a federal tax rebate of $300. Seriously, put some thought into these points and take a wise investment decision on a tankless water heater.
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