Having instant access to hot water is a modern luxury that many people take for granted. This hot water is provided through water heating systems that have traditionally featured water tanks in their design.

Advancements in technology have made it possible to obtain hot water without a tank, but how can you know if a tankless water heat is the right choice for your home? Here are three reasons why you might make the choice to convert to a tankless water heating system in the future.

1. You want to save money on your electrical costs.

According to the U.S. Department of Energy water heating systems account for 18% of a household's average electrical costs. If you are looking for a way to reduce your energy costs without compromising the amount of hot water available in your home, then converting to a tankless water heating system is your best option.

Since tankless water heating systems don't require standby heat to keep the water in a tank warm, you can eliminate the electricity required to produce this standby heat. As a result, your monthly electric bills will be cheaper with a tankless water heater.

2. You want a water heating system that will last longer.

Replacing a water heater can be costly, so investing in a water heating system with a longer life expectancy can be a great way to save money on future repair costs. Most tankless water heaters are designed to run efficiently for 20 years or longer, and many have parts that can easily be replaced to help them last even longer.

Traditional tank storage water heating systems only last between 10 and 15 years, and when the system fails the entire tank must be replaced. Investing in a tankless water heater will ensure that you have reliable access to hot water for many years to come.

3. You want to free up more space in your home.

Today's homeowners value storage space, and any additional space that can be created within the home is highly desirable. Traditional tank storage water heating systems can take up quite a bit of floor space, so if you are looking for a way to free up floor space in your home, a tankless water heater might be a viable solution.

Tankless water heaters require absolutely no floor space, and are so small they can even be installed in an attic or crawl space. Reducing the amount of space required for your water heating system with a tankless design will give you the ability to maximize your living space.

Making the choice to switch to a tankless water heating system will help you save money, extend the life of your water heating system, and free up space in your home. Working with a local plumber like Brother's Plumbing to install a tankless water heater is a great way to begin enjoying the benefits these modern systems can provide.