If you’ve ever had to wait for hot water after everyone else in your household has taken their shower, you might want to think about a tankless water heater. This device usually offers on-demand hot water and comes with a variety of other benefits. Here are five ways getting a water tank out of your home can be a great thing.

Longer Lifespan

There is enough data now to show that tankless water heaters really do last longer than your standard water heaters. This longer lifespan means you can go longer between buying water heaters, saving money in the long run.

More Storage Space

Removing bulky water heater tank means you have more storage room. You can put tools, seasonal items or other things you don’t use every day in this newly freed up space. This can be an extra bonus if you have a small home.

Better Overall Savings

Tankless water heaters save money on your energy bill because they are not turning on and off and they generally draw less power. Because they are so efficient, there are even Federal tax breaks you can take advantage of when you have a tankless system to heat your water.

More Hot Water

With a tankless water heater, your water is heated instantly on demand, so you get more hot water overall. Each time you turn on a hot faucet, instead of drawing from a limited tank, you draw from the endless heating ability of your tankless system.

Longer Warranty

Because these appliances last longer, they also come with longer warranties. That way, if anything does happen to your water heater, you will be covered for a long time. Not only will you save money with way, but you can also worry less.

These five reasons should convince you why switching to a tankless water heater is a good idea. Save money with an appliance that lasts longer, is more efficient and can get you tax breaks.