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Is a tankless water heater more energy efficient than a tank?

April 26, 2017tank tankless water heater

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Is a tankless water heater more energy efficient than a tank?

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Rheem tankless gas water heaters are more energy efficient than conventional water heaters, because they eliminate the need to maintain a large supply of heated water. A Rheem tankless water heater operates only when hot water is needed. Regardless of whether you currently have a conventional electric or gas water heater, the Rheem tankless will save money on your energy bills. In addition, every Rheem tankless water heater qualifies for up to a $300 [tax credit?] The Energy Tax Credit is scheduled to start January 1, 2006 and will continue through December 31, 2007.