It is hardly a secret that Tank-Less water heaters are just better when it comes to most water heating applications. No matter how big or small your house is, there is a tankless water heater for you.
Tank-Less water heaters are:
– Smaller than regular water heaters, thus freeing some valuable space up if you’re upgrading from an older regular model
– More energy efficient, since they only heat water when it is being used, as opposed to having to heat water inside a reservoir tank 24 hours a day even when you are not using any hot water at all. In addition, the tank inside a regular water heater can empty out and that is when you experience a shortage of hot water — something that would be a thing of the past with a tankless water heater.
– More reliable. They have fewer parts that need servicing and fewer parts that can get worn out.

Rinnai High Efficiency
Our High Efficiency (HE) Series V Models offer up to an 82% efficiency rating and are perfect for medium to small sized homes. These compact models combine all the reliability you’ve come to expect from Rinnai with advanced features like Wi-Fi compatibility and MC-91–2US controller.
The High Efficiency (HE) Series V Models are the perfect combination of comfort and value. These easy-to-install, compact models combine all the reliability you’d expect from Rinnai with the performance that’s ideal for medium- to smaller sized new homes or remodels.

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Source: Cozy Comfort Plus
Related Plus: Tankless Water Heater