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What are some of the advantages and disadvantages of going tankless?

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What are some of the advantages and disadvantages of going tankless?

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Going tankless has the following benefits: higher energy efficiency, on average 10-20 percent less energy usage than tank-type units. Higher affordability in the long run. The initial costs are higher (both in purchasing price and in installation fees, as additional wiring or larger gas lines might be needed), but that is outweighed by reduced water heating bills. A tankless water heater also requires less floor space than a conventional tank model. Regarding durability, on-demand water heaters also have a longer life than conventional water heaters. Tankless water heaters come in all size, from point-of-use or whole-house water heating to more compact sizes, and on-demand hot water models.

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