Definition: A water heating system that heats water directly without the use of a storage tank, also known as an on-demand water heater.
Relevance to energy: Tankless water heaters can be more energy-efficient than traditional storage water heaters because they eliminate standby energy losses associated with storing hot water.
Benefits:
Drawbacks:
Statistics: According to the U.S. Department of Energy, tankless water heaters can save a typical family about $100 or more per year on water heating costs compared to traditional storage tank water heaters.