What is a tankless water heater?

Tankless water heaters provide several advantages over conventional tank-style water heaters and can be a significant long-term investment. Tankless water heaters consume electricity when you turn on a hot water tap or while using appliances, unlike conventional tank-style water heaters, which continually require energy to provide a hot water supply. In addition to providing an unending hot water supply, tankless water heaters are safer, use less room, are less likely to leak, and have a substantially longer lifespan than conventional water heaters.