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The tankless heater is a more recent offering on the market for household consumers. Although there are many advantages to a tankless heater, if you're debating between a tank heater and a tankless one, remember there are two main disadvantages to consider:
1. You'll pay more money upfront for a tankless water heater than a tank water heater. In order to purchase a tankless water heater which will supply you comparable heating to a tank model, you'll pay at least two to three times the cost.
2. A tankless heater doesn't often equal the capacity of a tank heater to provide hot water for your household.