When it comes to traditional and tankless water heaters, it basically boils down to convenience, efficiency, cost, and installation/maintenance. In terms of convenience, you always have hot water at your fingertips in just seconds – no waiting for the tank to heat up the water!
When it comes to efficiency, tankless is the way to go as water is only heated on demand. No wasted heating and energy when your family is sleeping or on vacation, which naturally results in lower costs. In fact, you can expect to save 40% or more on energy costs when compared to how much you would spend with a 50-gallon electric traditional water heater.