Many people have recently decided to make the change from storage tank water heaters to tankless water heaters. Aside from being virtually maintenance-free, these units will save most homeowners anywhere from 30% - 50% off their current electric bill. What makes tankless water heaters so efficient? Unlike standard storage tanks, which work 24 hours a day to keep water heated, tankless water heaters only heat water when you need it. This leads to a more cost-effective strategy in home water heating. There are many reputable companies that currently offer these units, but in this article we'll help you choose the right system for you by looking at the top 5 tankless water heaters.

While this company may be better known for its wonderful line of appliances, power tools, and auto parts, they have been producing tankless water heaters for more than 60 years. Their line of AquaStar tankless water heaters continue to set the standard with an efficiency range of 80% - 87%. This range refers to the percentage of heat produced by the water heater that is not wasted. In addition, most of Bosch's tankless water heaters have allow for multiple showers to be run simultaneously. These systems are excellent choices for larger families.

This company makes some of the best tankless water heaters on the market. With efficiency ratings in the 80% - 85% range, they offer a product that will likely save you upwards of 50% on your current electric bill. Noritz is also well-respected in the field for developing some of the safest tankless water heaters on the market. Innovations such as advanced temperature controls (which help prevent accidental scalding) as well as safety alarms for filling the bathtub help keep Noritz a major player in the industry.

Paloma/WaiWela

This company was one of the very first manufacturers to introduce tankless water heaters in the U.S, and they continue to be one of the leaders in the field. While their products are very competitive efficiency-wise, they are really set apart by some marvelous safety features. Their oxygen depletion sensing system analyzes emissions from the burner for harmful gasses (such as carbon monoxide). If any gasses are found to be present, the system will automatically be turned off and an error message will be displayed. The second feature is Paloma's film type overheat sensor. This sensor will sense unsafe temperatures at all locations around the combustion chamber. This again helps to avert a potentially dangerous situation.

While being a relatively new company, Seisco has been internationally recognized for developing some of the very best tankless water heaters available. In addition, Seisco products have been cited as the leader in backing up homes or offices that implement solar heating.

This company manufactures all of its tankless water heaters in the U.S.A., and they provide the most user friendly product on the market. In addition, SETS tankless water heaters are the only systems that offer a 100% lifetime parts replacement warranty. This is a company that makes a tremendous product, and should be one of your first choices when looking to buy a tankless water heater.

These companies represent the absolute cream of the crop when considering a tankless water heater for your home or business. You truly can't go wrong when choosing to deal with any of these fine companies.