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Tankless (On-Demand) Water Heaters: Also known as instantaneous or demand-type water heaters, these units heat water only when it's needed. They don't store hot water like tank heaters but rather heat it on-the-fly as it passes through the unit. This can be more energy-efficient since there's no standby heat loss, but they may have limitations on simultaneous hot water usage. Heat Pump Water Heaters: These water heaters use electricity to move heat from the air or ground to heat the water. They are more energy-efficient compared to traditional electric water heaters because they transfer heat rather than generating it directly. They work well in mild to moderate climates.
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