Quote:
Originally Posted by retiredguy123
I knew it. Spending a lot of money upfront to try to save money over 10 years is usually not a good plan. And, don't forget the time value of money, which further reduces any potential future savings.
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Yes, but it does not take into account the cost to replace a new tank after one fails as most new tanks are not lasting the usual 20 years but more like 10 or less depending on flushing schedule. I would be curious of the life expectancy of the tankless units as that could be your money savings over time. If the tankless life span is even twenty years or more you might get your return depending on how long you hold your current home. I think you need to first find out the conversion cost and work it back from there.