Amazon is offering the iHeat 120V Tankless Electric Water Heater for $167 shipped. Down from a $209 price tag, it only saw a few discounts over 2023, with the biggest of them dropping costs to $172 at the start of the year. Today’s deal comes in as a 20% markdown off the going rate, beating our previous mention by $7 and landing as the second-lowest price we have tracked – just $10 above the all-time low from 2019. This S-series water heater from iHeat Tankless will save you valuable space with its compact design, which makes it small enough to fit under counter installations or even tight closets. Manufactured in complete stainless steel, this water heater boasts an IXP4 waterproof construction with a waterproof interactive pad, and can be used in highly sterile applications such as commercial kitchens, hospitals, clinics, and schools. With its installation into your home or business, iHeat Tankless water heaters promise to save you “up to 60% on your water heating costs.”