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Did you know that tankless hot water heaters can actually help you on Tax Day? It’s true. Tankless water heaters are more efficient, and therefore are eligible for federal tax credits. Just one of the many advantages of installing a tankless water heater in your home. Talk to your tax accountant for more details. But there are other advantages beyond tax benefits.
Department of Energy findings show that tankless gas water heaters save you just over one hundred dollars every year. That really adds up considering they often last nearly twenty years. Electric water heaters save just a little more than $40 a year. Again, not huge savings, but every little bit helps, right?