Heating water can account for up to 20 percent of your average home energy bill. With new green initiatives for energy efficiency, most homeowners are replacing their old water heaters with new, highly efficient models. Modern water heaters save significant money in energy bills over their lifespan.

There are three primary types of water heaters:
  • Storage-tank heaters
  • Tankless on-demand heaters
  • Hybrid electric heat pump heaters