This is a tough question to answer, as individual usage is the key factor. However, even by purchasing a tank-less water heater, you will save money across multiple utility bills. A tank-less water heater heats water immediately when you need it, eliminating the need to run the water until it gets hot; this alone will save you money on your water bill. They also don’t require a pilot light to constantly run in order to heat the water, so you can expect a drop in your natural gas bill as well.
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