Tankless water heaters are a great solution for a variety of water and energy management in home and commercial settings.

Water heaters can make up a huge portion of one's energy bill depending on how much it is used. For instance, a hotel that has numerous rooms and a kitchen will likely use large amounts of hot water, while a single family home could find itself in a similar situation with multiple people needing to shower, clean dishes and wash their hands.

In the household setting, water heating is the second largest expense contributing between 14 to 18 percent of a utility bill, according to the Department of Energy. On average, this amounts to $400 to $600 every year. In commercial settings these expenses can get even larger. Hospitals, for instance, constantly have a need for hot water, meaning that water heating costs can get quite high.

One of the best solutions to water heating is a commercial tankless water heater. Rather than storing water in a tank that always needs to maintain a specified temperature, tankless water heaters warm the water on demand. This solution can provide a number of solutions across different building environments and the following are just three.

Cost
At the end of the day, a water heating solution is all about finding savings. High efficiency water heaters can limit the amount of energy needed to heat the water because it does so as on demand. This translates into a 99 percent thermal energy efficiency rating, compared to tank water heated which achieve around 65 percent or less. This strategy also limits the amount of water you use, because it is heated on the spot, rather than needing to wait for water to heat up. At a hospital with food services, this amounts to over $10,500 in savings.

Space
When it comes to any facility, be it a commercial office building or a single family home, space is always at a premium. Tankless water heaters are 90 percent smaller than tank water heaters meaning that they can be installed virtually anywhere, from a small utility closet to underneath a sink.

Eco-friendly
Homeowners and companies are trying to cut down on their carbon footprint and reduce dependence on fossil fuels in the process. By using less energy, tankless water heaters cut down on electricity usage, which is typically supplied through the combustion of fossil fuels. On top of this, electric tankless water heaters do not need to use natural gas to heat the water, further cutting back on pollution.