There s one key reason for that.
Electric tankless hot water heater vs tank.
Tankless water heaters heat water directly without the use of a storage tank.
Rather than storing water tankless water heaters use heating coils to heat the water as you need it.
Similar to traditional hot water tanks tankless heaters can use different fuel types to heat the water.
Either a gas burner or an electric element heats the water.
Electric tankless heaters are much less expensive than gas and do not need ventilation.
However a tankless water heater s output limits the flow rate.
On the other hand a large unit will require more electricity to run which can increase monthly bills.
While tankless water heaters run more efficiently than storage tank water heaters replacing a tank water heater with a tankless can be expensive and the payback time can be longer than the warranty.
You re not limited to the capacity of a holding tank.
You can find a high quality electric water heater for as little as 500.
When compared with typical electric storage tank models propane tankless systems save more than 150 in annual energy costs.
Long lifespan tankless water heaters last about 20 years compared to an average of about 10 to 15 with conventional water heaters.
Sometimes called on demand water heaters tankless systems supply continuous hot water when needed and for this reason have increased energy efficiency.
They re more energy efficient than a storage tank but provide only a limited flow of hot.
As a result tankless water heaters deliver a constant supply of hot water.
For most households they can produce a savings of 100 or more every year.
No waiting for hot water tankless hot water heaters instantly heat the water you need.
Tankless water heaters are as much as 34 more efficient thank tank models according to the energy department.
Either a gas burner or an electric element heats the water.
The initial investment is low.
Even top range electric heaters cost little more than 700.
You re not constantly heating a tank in anticipation of needing it you only use energy when you use hot water.
You don t need to wait for a storage tank to fill up with enough hot water.
It uses high powered burners to rapidly heat water as it runs through a heat exchanger and deliver it directly to your faucets or shower without storing it in a tank.