One of the main benefits a tankless water heater has over a conventional heater is that it never runs out of hot water! Conventional heaters usually only have 40-60 gallons of hot water, while tankless water heaters heat the water while it passes through the system. Another benefit is that there is no risk of flooding or leaks because there’s no stored water. You’ll also see a reduction in your energy bills since you’re only heating the water your using.