Any homeowner who’s had to replace their water heater has probably considered going tankless. Although tankless water heaters are more expensive up front, their cost and energy savings will add up over time. According to the U.S. Dept. of Energy, a tankless water heater can save up to $107 annually on energy bills and is up to 34% more efficient than a conventional water heater.
If you’re considering making the change to tankless, consider these pros and cons of tankless water heaters.