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How does the tankless water heater save money on utility costs?

April 26, 2017costs save money tankless water heater utility

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How does the tankless water heater save money on utility costs?

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Most tank type water heaters loose about 3% to 4% of their heat each and every hour. The tankless water heater heats water only when the faucet is turned on. The tankless water heater has no standby heat loss. It only uses gas when you are using hot water.