Quote:
Originally Posted by jimbo2012
A new water heater is about $325 plus about $100 to install, keep it simple.
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Thanks for your insight, but let me say a little more to let you know why my question is not entirely trivial.
I installed a tankless heater up North about 4 years ago. Because of tax credits and a manufacturers rebate, it only cost about $300 more than a new hot water tank.
The current TECO offer creates about the same difference in cost as the deal I went for in 2008.
Immediately I saved $15-20 on my gas bill, with no additional cost for water. So I've paid for my additional cost to go tankless and banked $300-400 so far. Big deal? No. Better and greener than simply replacing the tank? Yes. And the life of tankless systems is far greater than standard tanks. I have to wait a little longer for hot water delivery, but it's not aggravating.
But my TV home has the same problem as many others. Hot tank water comes slowly, and water is a lot more costly here. Therefore, I've asked my questions...