Conventional
A large tank (depending on the size of your house) stores liquid that is heated by gas or electric energy and can help to reduce your monthly electric bills.
Tankless
Tankless water systems allow for unlimited access due to water only being heated as needed and can reduce your electric bill by as much as 30%.
Hybrid
A hybrid water heater combines a conventional tank with a heat pump and can reduce your electric bill by up to 60%, by far the highest amount of the three options.