Some of the benefits of tankless water heaters include the energy savings.
- According to the U.S. Dept. of Energy, a tankless water heater is more efficient and uses less energy than a conventional water heater, providing a $25 to $107 in annual savings.
- If your hot water use is low (less than 41 gallons per day), a tankless water heater will be 24% to 34% more efficient.
- If your hot water usage is high (about 86 gallons per day), a tankless water heater is 8% to 14% more energy efficient.
- Installing an on-demand unit at each hot water faucet gives an energy savings of 27% to 50%
Read more about tankless water heaters, including the pros and cons, at House Logic:
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