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Old 05-14-2011, 12:25 AM   #25
derf
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Quote:
Originally Posted by OneSickPsycho View Post
My question is... how real is the savings on the power bill? If I'm going to save $3 a month and the tank unit will last 15+ years, it's going to be hard to justify the price difference... I could give a fuck about 'going green' and I never run out of hot water as it is, but mine's going on 15 years old at this point so it's a purchase that's coming... probably sooner than later.
I'm figuring it saves $10 a month in gas. At a $120/year savings it will take 2-3 years for the one I have to pay for the difference between that and a comparable tank style water heater, and thats not including maintenance that it might need. The mid grade/mid priced tankless heaters are in the $7-800 range, while the mid grade/mid priced tank style water heaters are $5-600.

I totally agree with you, i could give a shit about being green, I dont even recycle, I just want to know what the real world $$$ savings are. But if you are going to replace your tank already it might be worth it, and it is a nice selling point if you will be selling a house soon. I would never go out and replace the water heater unless it needed replacing, the real world dollars are just not there. in fact the only reason I have one now is because teh house came with it, my rental house in NJ will be needing a new water heater in 5 years and I do expect to get a tank heater.
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