Asked by: Aiying Imhulsehome and garden home appliances
Do tankless water heaters use more energy?
Also to know is, what is the downside of a tankless water heater?
Tankless water heaters produce an endless supply of hot water, take up less space, have a lower risk of leaking, are safer, and have a significantly longer lifespan on average. The main disadvantage of tankless water heaters is their upfront cost (unit and installation) is significantly higher than tank-style heaters.
Also question is, what is the most energy efficient tankless water heater?
The EcoSmart ECO 27 is an energy efficient tankless water heater that works well in average homes that don't have huge demands for hot water. It can heat up to 6.5 gpm, which is enough water to supply four showers and a sink at the same time.
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.