“…The data were then compared to determine annual energy savings, installed efficiencies, and water delivery capabilities. The Davis Energy Group conducted a pre-/post-installation field study to monitor the performance of natural gas natural draft storage water heaters, power vent storage water heaters, gas tankless water heaters, and condensing storage water heaters (Hoeschele 2012). Both of these studies showed significant energy savings for condensing tankless water heaters, but despite substantial savings, system paybacks were long due to high installation costs for many retrofit applications.…”