In these tankless water heater energy efficient reviews we score four efficient models, three condensing gas units and one self-modulating electric unit, on efficiency design, real flow, venting and running costs.

All four were scored on the same criteria using manufacturer specifications and owner feedback. For our shortlist see the best tankless water heater energy efficient guide; our Editorial Policy explains how we work.

Top 3 Efficient Tankless Heaters From Our Reviews

Highest Overall ScoreNoritz NRC66DVNG 6.6 GPM Indoor Condensing Tankless

Noritz NRC66DVNG 6.6 GPM Indoor Condensing Tankless

  • Condensing
  • 6.6 GPM
  • PVC vent
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Best ElectricStiebel Eltron Tempra 20 Trend 19.2kW Electric Tankless Water Heater

Stiebel Eltron Tempra 20 Trend 19.2kW Electric Tankless Water Heater

  • Auto-modulation
  • 19.2kW
  • Silent
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Best Value CondensingRanein RH12KG-C 5.1 GPM Condensing Natural Gas Tankless

Ranein RH12KG-C 5.1 GPM Condensing Natural Gas Tankless

  • 5.1 GPM
  • Anti-freeze
  • LED
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How We Scored Efficient Tankless Heaters

CriterionWeightWhat we look at
Efficiency design35%Condensing or modulation
Flow25%GPM for the home
Venting and install20%Plastic vent, breakers
Controls20%Temperature control, display
Water heaterScoreBest for
Noritz NRC66DVNG8.7/102-bath gas homes
Stiebel Tempra 20 Trend8.5/10Electric homes
Ranein RH12KG-C8.2/10Value condensing
EZ Ultra HE7.8/10Small homes

Efficient Tankless Heaters Compared

#ProductKey Features
1Noritz NRC66DVNG 6.6 GPM Indoor Condensing Tankless
Noritz NRC66DVNG 6.6 GPM Indoor Condensing Tankless
  • Condensing
  • PVC venting
  • Remote thermostat
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2Stiebel Eltron Tempra 20 Trend 19.2kW Electric Tankless Water Heater
Stiebel Eltron Tempra 20 Trend 19.2kW Electric Tankless Water Heater
  • 19.2kW
  • Auto-modulation
  • No venting
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3Ranein RH12KG-C 5.1 GPM Condensing Natural Gas Tankless
Ranein RH12KG-C 5.1 GPM Condensing Natural Gas Tankless
  • Condensing
  • 120,000 BTU
  • Anti-freeze
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4EZ Ultra HE Natural Gas Indoor Condensing Tankless Water Heater
EZ Ultra HE Natural Gas Indoor Condensing Tankless Water Heater
  • Condensing
  • PVC/CPVC vent
  • Compact
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1. Noritz NRC66DVNG 6.6 GPM Indoor Condensing Tankless

Highest Overall Score: 8.7/10

Noritz NRC66DVNG 6.6 GPM Indoor Condensing Tankless
Pros
  • Indoor condensing, high efficiency
  • About 6.5–6.6 GPM
  • Vents with Schedule 40 PVC
  • Low NOx; remote thermostat included
Cons
  • Limited listing detail
  • Natural gas only
  • Fuel: natural gas
  • Model: NRC661-DV-NG
  • Install: indoor
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Noritz’s NRC66 scored highest for efficient condensing with simple PVC venting.

It suits 2-bath homes.

Who the Noritz NRC66DVNG fits best

2-bath natural gas homes.

Who should skip the Noritz NRC66DVNG

Propane homes.

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2. Stiebel Eltron Tempra 20 Trend 19.2kW Electric Tankless Water Heater

Best Electric: 8.5/10

Stiebel Eltron Tempra 20 Trend 19.2kW Electric Tankless Water Heater
Pros
  • 19.2kW with auto-modulation
  • No venting required
  • Silent operation, digital display
  • Copper heating system
Cons
  • Large breakers needed
  • Lower flow in cold climates
  • Power: 19.2kW, 240V
  • Model: Tempra 20 Trend
  • Install: hardwired
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The Tempra 20 Trend modulates power to each draw, so little energy is wasted.

It suits mild climates.

Who the Stiebel Eltron Tempra 20 Trend fits best

All-electric homes.

Who should skip the Stiebel Eltron Tempra 20 Trend

Cold northern homes.

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3. Ranein RH12KG-C 5.1 GPM Condensing Natural Gas Tankless

Best Value Condensing: 8.2/10

Ranein RH12KG-C 5.1 GPM Condensing Natural Gas Tankless
Pros
  • Condensing, 120,000 BTU
  • Up to 5.1 GPM, 2–3 bathrooms
  • 95–149°F, anti-freeze
  • Smart touch LED panel
Cons
  • Newer brand
  • Natural gas only
  • Fuel: natural gas
  • Flow: up to 5.1 GPM
  • Model: RH12KG-C-NG
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Ranein brings condensing efficiency at an accessible price.

Anti-freeze adds protection.

Who the Ranein RH12KG-C fits best

Budget-minded gas homes.

Who should skip the Ranein RH12KG-C

Large homes.

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4. EZ Ultra HE Natural Gas Indoor Condensing Tankless Water Heater

Compact Condensing: 7.8/10

EZ Ultra HE Natural Gas Indoor Condensing Tankless Water Heater
Pros
  • Condensing preheats water with exhaust
  • Vents horizontally or vertically with 2″ PVC/CPVC
  • Back-draft preventer included
  • Digital display
Cons
  • About 3.4 GPM at 45°F rise
  • Small homes only
  • Fuel: natural gas
  • Model: EZ Ultra HE
  • Flow: up to 3.4 GPM
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EZ Ultra HE is a compact condensing unit for small homes and cabins.

Its flow is limited for multiple showers.

Who the EZ Ultra HE fits best

Small homes.

Who should skip the EZ Ultra HE

Families.

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Efficiency Checklist

  • Prefer condensing gas units for the highest UEF.
  • For electric, choose self-modulating models.
  • Size correctly; oversizing wastes money.
  • Flush yearly to keep efficiency up.

Frequently Asked Questions

Which efficient tankless heater scored highest?

The Noritz NRC66DVNG scored 8.7/10.

Do condensing units really save gas?

Yes, by reusing exhaust heat.

Is electric tankless efficient?

Yes, nearly all power becomes heat.

What venting do condensing units use?

Often PVC or CPVC, per the manual.

Final Verdict: Tankless Water Heater Energy Efficient Reviews

The Noritz NRC66DVNG is the best efficient tankless heater we scored. The Stiebel Tempra 20 Trend is the best electric unit, and the Ranein RH12KG-C is the best value condensing model.

Overall: Noritz NRC66DVNG 6.6 GPM Indoor Condensing Tankless Check Latest Price

Electric: Stiebel Eltron Tempra 20 Trend 19.2kW Electric Tankless Water Heater Check Latest Price

Value condensing: Ranein RH12KG-C 5.1 GPM Condensing Natural Gas Tankless Check Latest Price

Efficient heat today means lower bills tomorrow.

Looking for something else? Browse all of our Water Heaters guides and the wider Heating & Cooling section.

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