Advantages of Electric Tankless Water Heaters

Imagine taking a 2-week vacation and coming home to a cold hot water tank that can, within seconds, deliver a hot shower? Money saved and no loss in convenience.

This is just one advantage to a tankless water heater. If you are just thinking about it, here are a few other things to think about:

An electric tankless hot water heater has about the same initial cost as a tank model and offers a 99 percent efficiency rating. If gas and electric prices are competitive in your area, maybe electric is worth a second look. When doing your calculations keep in mind that 15-20 of the heat from a gas tankless goes up the vent.

For tank type it’s closer to 40 percent. In fact DOE ranks heater efficiency in this order:
Tankless electric
Tank electric
Tankless gas
Tank gas

If you shop around you should find that electric tankless heaters are very competitive with tank type. When it comes to that monthly utility bill, you should see savings as well; when I got my first bill and compared it to the same month a year earlier, I saw the improvement.

The utility company, which includes an adjusted data sheet with daily temperature and KWH in their bill, showed a 19 percent savings.