We had Mike's Plumbing install one over a year ago for $288 complete. Before we got it, we were waiting about 45 seconds to a minute to get hot water (depends on the size of your house and distance from water heater). The faucet in the master bath that has the device gets almost instant hot water. Shower gets hot in about 5-10 seconds. Spare bath and kitchen is still a wait but about half of what it was before. We run the device for about 4 hours in the morning and about 4 hours in the evening.
In our last house, we had one on every faucet. Really saved water. I don't know why this isn't standard for new construction in Florida.
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Netherlands, California, Quebec, California, Texas, Turkey, Minnesota, Panama Canal, California, Illinois, Turkey, Maryland, Germany, Florida, New Mexico, The Village of Amelia and now The Village of Hacienda East. 
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