Question: Are tankless water heaters more cost effective than tank water heaters? Will a tankless water heater pay for itself over time?
Answer: Tankless water heaters are much more cost effective than tank water heaters for three reasons. One, a tankless water heater costs up to 30% less in energy costs than a tank water heater. Two, tankless water heaters last twice as long as tank water heaters, so you won't need to replace the water heater for 20+ years. Lastly, tankless water heaters improve home value, meaning you'll make more if you resell your home.
Learn more about tank vs. tankless water heaters here.