• Tankless water heaters avoid the use of a tank to store hot water.plumbing image by Inger Anne Hulb?|kdal from Fotolia.com
  
  

Tankless Water Heaters Cut Your Energy Bill

• Tankless water heaters heat water at the time the hot water is needed, rather than storing heated water in a tank that must be keep warm itself. This provides savings in terms of energy, which means lower bills and a cleaner environment.
  
  

Tankless Water Heaters and Your House

• Tankless water heaters, which can be electric or gas-fired, require consideration to make sure the heater is compatible with your house. For example, if you opt for an electric heater, check to make sure you have a circuit or circuits that will support such a heater's demands.
  
  

Bottom Line

• When deciding whether to opt for a tankless heater, think carefully about your budget. While such a heater saves energy, the initial outlay is expensive, and having to make changes to your house's fuel system may involve further cost. Scott Gibson, a columnist at Old House Questions, advises considering how long you will be keeping your house when making your decision.