When I tried to compare this new tankless water heater to the following:
http://www.ecosmartus.com/products/electric-tankless/eco-24-eco-27.aspx
I was frustrated that the two assumed different temperatures of incoming water. It would be convenient if tankless water heaters had standard testing conditions similar to those used for PV panels.
This heater does use far less current, so it can be used in houses that didn't have the ability to accommodate the higher power tankless water heaters currently on the market.