Best Tankless Water Heaters of 2024

In the pursuit of efficient and on-demand hot water, tankless water heaters have gained immense popularity. These innovative systems have redefined how we heat water, offering a compact, energy-efficient, and endless supply of hot water without the need for a bulky storage tank. Tankless water heaters have become the go-to choice for homeowners and businesses looking to enjoy a continuous flow of hot water while saving on space, energy costs, and environmental impact.

The market for tankless water heaters is diverse, with a wide array of models, brands, and technologies, each claiming to offer superior performance. Selecting the best tankless water heater for your specific needs involves careful consideration of factors such as size, fuel type, flow rate, energy efficiency, and installation requirements. Whether you’re a homeowner striving to reduce utility bills, a business owner seeking a reliable hot water supply, or an eco-conscious individual looking to lower your carbon footprint, the right tankless water heater can make a remarkable difference.

In this comprehensive guide, we will explore the top contenders in the world of tankless water heaters. We will examine their key features, benefits, and potential applications to equip you with the information needed to make an informed decision and ensure you enjoy a consistent, energy-efficient, and space-saving hot water solution.

EcoSmart Tankless Water Heater

Experience uninterrupted hot water on demand with the EcoSmart Tankless Water Heater. Compact and efficient, this powerhouse measures 17 inches in width, 17 inches in height, and just 3.75 inches in depth, saving you a remarkable 12 cubic feet of storage space. The sleek white design complements any setting, and its plastic construction ensures durability.

Equipped with a user-friendly LED display and digital temperature control in 1-degree increments, this ECO 27 model delivers hot water precisely to your liking. The 27 KW power, driven by 3 x 40 AMP Double Pole Breakers, ensures consistent performance within 1 degree of your selected temperature. Gone are the days of wasteful tank heaters; the EcoSmart is 99% thermal energy efficient, heating water only when you need it. According to the Department of Energy, this can lead to savings of up to 50% in water heating costs.

Ideal for whole-home applications, this tankless water heater provides between 2.7 and 6.5 gallons per minute, depending on the inlet water temperature. With a Limited Lifetime Warranty on electronics, exchanger, and element, and certifications like UL-499 and ETL Listed, trust in the reliability and durability of EcoSmart. Don’t just heat water; control it with EcoSmart – the smarter way to endless hot water.

Pros:

  • On-demand hot water with consistent performance
  • Compact design, saving significant storage space
  • Energy-efficient, saving up to 50% in water heating costs
  • Digital temperature control in 1-degree increments
  • Limited Lifetime Warranty on electronics, exchanger, and element

Cons:

  • Requires three 40 AMP Double Pole Breakers
  • Recommended electrical panel of 200 Amps
  • Initial installation may require professional assistance
  • Inlet water temperature affects gallons-per-minute output

Rinnai Tankless Hot Water Heater

Compact and efficient, the Rinnai Tankless Hot Water Heater redefines convenience with its innovative design. Measuring 17.5 inches in width and 31 inches in height, this sleek gray unit packs a powerful punch while occupying minimal space. Operating on 120 Volts and powered by natural gas, it ensures a continuous supply of hot water, offering a generous capacity of 7.5 gallons per minute—enough to accommodate up to 5 fixtures simultaneously.

Crafted from durable metal, this tankless water heater embodies smart technology with its Circ-Logic system, adapting to your hot water usage patterns. The compact size, resembling a small suitcase, makes it versatile for various installations, providing the luxury of on-demand hot water without the worry of running out. The professional installation is recommended for optimal performance.

Backed by a comprehensive warranty, including 12-, 5-, and 1-year residential guarantees and 5-, 5-, and 1-year commercial factory warranties for heat exchanger, labor, and parts respectively, Rinnai ensures longevity and peace of mind. Explore the Controlr module for WiFi control, opening doors to smart functionality. Discover the perfect fit for your home by consulting Rinnai’s product guides, manuals, and energy guide. Don’t settle for less—experience endless hot water with the Rinnai Tankless Hot Water Heater.

Pros:

  • Compact design, space-efficient
  • Efficient Circ-Logic technology for personalized usage
  • Provides a continuous supply of hot water at 7.5 GPM
  • Durable metal construction
  • Comes with residential and commercial warranties
  • Compatible with Controlr module for WiFi control

Cons:

  • Professional installation recommended
  • Controlr module not included
  • Requires natural gas power source
  • Not suitable for DIY installation

Stiebel Eltron Tankless Heater

Crafted by Stiebel Eltron, the Tankless Heater revolutionizes your hot water experience. With dimensions measuring 16.63 inches in width and 14.5 inches in height, this sleek, white powerhouse boasts a remarkable 27,000 watts of heating prowess. Its compact design not only saves space but also eliminates the need for venting, seamlessly blending into any environment.

Activated by an electronic switch, the unit operates virtually silently, ensuring an uninterrupted flow of hot water on demand. Powered by hardwiring and constructed with a copper sheathed heating element housed in a robust copper cylinder, this tankless heater guarantees durability and efficiency. Operating at 208 volts with a wattage of 27 kW, it provides a continuous and unlimited supply of hot water.

Equipped with a user-friendly LED display, managing your hot water needs has never been easier. The 0.39-gallon capacity ensures that you have ample hot water whenever you need it. Stiebel Eltron stands behind the quality of this tankless heater, offering a 7-year leakage and 3-year parts complete warranty. Elevate your home with a reliable and efficient hot water solution that brings both comfort and peace of mind.

Pros:

  • On-demand, continuous hot water supply
  • Sleek design saves space; no venting required
  • Electronic switch for virtually silent operation
  • Durable copper sheathed heating element
  • User-friendly LED display
  • 7-year leakage and 3-year parts warranty

Cons:

  • Requires hard wiring
  • Limited to 0.39 gallons capacity
  • Specific power requirements (208V, 27 kW)

Rinnai Tankless Water Heater

Experience uninterrupted hot water supply with the Rinnai Tankless Water Heater. Measuring 9 inches in width and 9 inches in height, this compact gray powerhouse delivers an impressive 19000 watts of power at 120 Volts. Its 11-gallon capacity ensures a steady flow, providing hot water for up to 7 fixtures simultaneously.

Featuring Smart-Circ Intelligent Recirculation technology, this tankless water heater adapts to your water usage patterns, optimizing energy efficiency and convenience. The unit, styled for natural gas and indoor installation, is as smart as it is durable. Multiple venting options accommodate various spaces, and with a sleek design resembling a small suitcase, it fits seamlessly into your home.

Professional installation is recommended for optimal performance. Locate a qualified technician through the Find a Rinnai PRO page on the website. The Rinnai Tankless Water Heater comes with a 15-year guarantee for the heat exchanger, 5 years for labor, and 1 year for parts. Explore product guides, manuals, and warranty information to find the perfect fit for your home. Plus, with ENERGY STAR qualification boasting a Uniform Energy Factor of 0.113, you can trust Rinnai for efficient and reliable hot water solutions.

Pros:

  • Smart-Circ Intelligent Recirculation for energy efficiency
  • Compact design, space-saving
  • Provides up to 11 GPM for multiple fixtures
  • Durable construction with multiple venting options
  • Comes with a 15-year heat exchanger guarantee
  • ENERGY STAR qualified with a high Uniform Energy Factor

Cons:

  • Professional installation recommended
  • Control module for WiFi control not included
  • Weighs 35.8 kilograms (may be heavy for some installations)
  • Indoor installation limits placement options

Rheem Tankless Water Heater


Elevate your home’s hot water experience with the Rheem Tankless Water Heater. Crafted in a sleek gray hue, this powerhouse delivers 13,000 watts of efficient heating at 240 volts, ensuring a continuous, on-demand supply for your needs. The 4-gallon capacity, coupled with a robust brass construction, guarantees durability and reliable performance.

With an on-unit temperature control system, this tankless water heater provides precise adjustments for your comfort. The LED indicators seamlessly communicate the unit’s status, whether in active element mode or standby. Its rugged brass/copper heat exchanger ensures optimal heat transfer, while the modulating power feature adapts to your specific water usage.

Designed for indoor installation, this water heater boasts a standard 1/2-inch water connection, simplifying the setup process. Ideal for single-shower applications, it offers a maximum flow rate of 4.0 gallons per minute. The included User Manual provides clear installation instructions, making setup a breeze. Embrace efficiency and innovation with the Rheem Tankless Water Heater – a reliable, powerful, and compact solution for your hot water needs.


Pros:

  • On-unit temperature control for personalized comfort
  • LED indicators for clear status updates
  • Durable brass/copper heat exchanger
  • Modulating power adapts to water usage
  • Quick and easy installation with a standard 1/2″ water connection
  • Compact design suitable for indoor installation

Cons:

  • Limited to single-shower applications
  • Requires 240 volts power source
  • User Manual consultation may be necessary for installation

Buying Guide for the Best Tankless Water Heaters

Tankless water heaters, also known as on-demand or instantaneous water heaters, have gained popularity for their energy efficiency and continuous hot water supply. Whether you’re replacing an old water heater or installing one for the first time, this buying guide will help you make an informed decision to find the best tankless water heater for your needs.

Determine Your Hot Water Demand

Before you start shopping for a tankless water heater, you need to assess your hot water needs. Consider the following factors:

  • Flow Rate: Determine the number of hot water fixtures and appliances that may be in use simultaneously (e.g., shower, dishwasher, washing machine). Calculate the total flow rate needed to ensure your unit can provide sufficient hot water.
  • Temperature Rise: Measure the difference between the incoming cold water temperature and your desired hot water temperature. This will help you choose a unit with the right heating capacity.

Gas or Electric?

Tankless water heaters are available in gas (natural gas or propane) and electric models. Each has its pros and cons:

  • Gas: Gas tankless water heaters typically have a higher flow rate and can handle more simultaneous hot water demands. They are more energy-efficient but require proper venting and may have a higher upfront cost.
  • Electric: Electric tankless water heaters are often more compact and easier to install. They are suitable for smaller households or point-of-use applications. However, they may not be as energy-efficient as gas models.

Choose the type that best matches your hot water needs and available utilities.

Consider Efficiency

Energy efficiency is a critical aspect to consider:

  • Energy Factor (EF): Look for a high EF rating, which indicates the unit’s efficiency in converting energy into hot water. A higher EF results in lower operating costs.

Sizing and Capacity

Tankless water heaters come in different sizes and capacities. To choose the right one:

  • Select the Correct Flow Rate: Make sure the unit can deliver the required hot water flow rate for your household. Manufacturers specify flow rates at a given temperature rise.
  • Modulation: Some tankless water heaters offer modulation, which adjusts the heating capacity based on the hot water demand. This can be more energy-efficient.

Installation Requirements

Installation is a crucial consideration:

  • Location: Decide where you want to install the unit. Gas units require proper venting, while electric units need the appropriate electrical connection.
  • Sizing: Ensure the unit fits the space and can be installed according to local codes and regulations.

Longevity and Warranty

Look for models with a good track record and a solid warranty. Tankless water heaters can last 20 years or more, so investing in a reliable brand is important.

Consider Maintenance

Tankless water heaters require periodic maintenance to prevent scale buildup. Some models have self-cleaning mechanisms, which can save you time and money on maintenance.

Price and Budget

Set a budget and research models within that range. Remember that the initial cost is just one aspect; consider long-term operating costs and potential energy savings.

Reviews and Recommendations

Read user reviews and seek recommendations from trusted sources, such as plumbers and home improvement professionals, to gather real-world insights.

Safety Features

Ensure the unit has safety features like overheat protection, flame failure detection (for gas models), and freeze protection (for outdoor installations in cold climates).

By following this buying guide, you can select the best tankless water heater that meets your hot water needs, energy efficiency goals, and budget constraints. Make an informed choice and enjoy the benefits of continuous hot water while reducing energy consumption.