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Can I expect any savings from a tankless?

A number of factors dictate the potential savings from a tankless, although most homeowners do report decreased water heating bills. The Canadian Mortgage and Housing Corporation (CMHC) recently conducted an extensive study on tankless systems to assess their relative performance and energy efficiency in the Canadian marketplace, and revealed some interesting findings:
• Homeowners use an average of 2% more hot water with a tankless system
• Tankless systems us an average of 46% less natural gas
• Tankless hot water heaters saved approximately on cubic meter of water daily


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Can I expect any savings from a tankless?