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The main disadvantage is their much higher initial costs; a US study in Minnesota reported a 20- to 40-year payback for the tankless water heaters. [citation needed] In a comparison to a less efficient natural gas fired hot water tank, on-demand natural gas will cost 30% more over its useful life. [dubious – discuss] [citation needed]
Tankless water heaters provide many advantages: [8] Long term energy savings: Though a tankless water heater typically costs more initially, it usually costs less to operate because of lower energy use—since it only heats water when required instead of continuously maintaining a tank of heated water. Even homes or buildings with high demand ...
Peterson added that if you need to replace a water heater, consider a tankless or an “on-demand” unit. ... these appliances are 8-34% more energy-efficient than conventional hot water tanks ...
The energy factor metric only applies to residential water heaters, which are currently defined by fuel, type, and input capacity. [5] Generally, the EF number represents the thermal efficiency of the water heater as a percentage, since it is an average of the ratio of the theoretical heat required to raise the temperature of water drawn to the amount of energy actually consumed by the water ...
Solar heat is clean and renewable. This is the most modern system. Increasingly, solar powered water heaters are being used. Their solar thermal collectors are installed outside dwellings, typically on the roof or walls or nearby, and the potable hot water storage tank is typically a pre-existing or new conventional water heater, or a water heater specifically designed for solar thermal.