In terms of energy efficiency standpoint the on demand heaters and indirect systems are equal.
Tankless coil vs indirect water heater.
Indirect water heaters have a limited hot water supply and require flushing two issues a tankless heater is less prone to.
Can be used in any climate and the fuel sunshine is free and a renewable resource.
May require a backup system for cloudy days or high demand times.
A tankless coil water heater provides hot water on demand without a tank.
Also by providing hot water only when it is needed tankless water heaters waste less water and eliminate standby losses associated with maintaining a tank full of hot.
Indirect water heaters are a more efficient choice for most homes even though they require a storage tank.
However tankless heaters usually run off on either gas propane or natural gas or electricity.
Tankless water heaters compact in size take up less space than tank style water heaters.
50 more efficient than gas electric water heaters.
When it comes to energy efficiency both indirect heaters and tankless systems are almost equivalent.
Indirect water heaters can be powered by electricity gas solar or a combination of these.
Tankless water heaters can provide a certain number of gallons per minute based on their rating indefinitely.
The most obvious difference between an indirect and tankless heater is the existence of a tank.
Meanwhile an indirect heater can provide unlimited hot water per minute up to as many gallons as the tank can hold.
In fact due to their small size tankless water heaters can be mounted on the wall.