One sure way to reduce utility costs is to heat water in one of the new tankless heaters. There has been much debate as to whether these types of heaters perform as well or are superior to conventional water heating units. The jury appears to have turned in favor of the former. By virtue of their design alone, tankless water heating units can last many years longer than conventional ones. They have less wear and tear because they work only when they are needed immediately, a feature that makes them consume less energy. Tankless heaters tend to be more expensive to buy and install than the conventional type, but in the long run, they are reported to pay for themselves in a relatively short period of time.

Water heaters are, of course, a necessity in any home. Choosing one that results in a significant reduction in utility bills makes the most sense, especially in today’s struggling economy. Studies have shown that tankless units can reduce utility costs on average, up to 20%. These types of savings add up very quickly. Because conventional water heaters hold water in a tank and keep it hot continuously, this can add a lot of money to your utility bill each month. In contrast, the tankless type does not store water in a tank. It works by heating the water that comes out of the pipe. It can be purchased in both gas and electric models, the best of which can be determined by evaluating energy needs and the type of heater housing where the heater will be installed.

Although the tankless type of heater costs considerably more initially, one school of thought is that it will not only save money eventually, but it will also be beneficial to the planet in its immediate energy conservation. This is a consideration that causes many people to go ahead and buy the one that has proven to be the most efficient.