Quote:
Originally Posted by rlcooper70
Why are we not replacing water heaters with the tankless heaters that they have developed? Why should we use so much energy to keep 40-50 gallons hot all the time?
Anyone have experience with tankless?
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Because the replacement cost is much higher if you replace a tank type water heater with a tankless. It's the same reason most people aren't installing solar panels and adding more attic insulation to their houses. You can buy an insulation kit for your water heater, but most people aren't doing that either.
But, it is interesting that there is a Federal Government label on my 40 gallon water heater that says the estimated cost to operate it is $555 per year. That's funny, because my total electric cost for my all electric house is only about $1100 per year.