
Tarub
Senior Audioholic
My old conventional tank type water heater has been leaking on & off from above and smoldering the pilot light every now and then for at least 3 months now. In other words it needs replacement soon. I have been thinking to replace it with tankless water heater ever since. My primary reason is space. If I can have that big tank 50 gal water heater remove and replace it with a small tankless one, I can park my other truck in the garage pretty easy with easy access to the shelving around.
I had some phone quotes of how much parts and labor it will cost me. They said around $2500 to $3000 parts and labor. But I will have a $150 refund from the gas company and 30% tax credit from the government on all expenses for going green. Most likely around $800 to $1000 refund. But still way too much compared to a conventional one. And it requires a certified installer to have one installed(for warranty and refund purposes). So, me installing it like what I did to my old water heater is out of the question.
Any of you guys have this installed at your house? I know, in Europe this is what they use because of lack of space in their homes.
What are the pros and cons? Does it really save money in the long run? I dont want to have it installed and within 5 years then it needs replacement again....I will sacrifice for the space. My old tank type one is now close to 15 years of service.
I had some phone quotes of how much parts and labor it will cost me. They said around $2500 to $3000 parts and labor. But I will have a $150 refund from the gas company and 30% tax credit from the government on all expenses for going green. Most likely around $800 to $1000 refund. But still way too much compared to a conventional one. And it requires a certified installer to have one installed(for warranty and refund purposes). So, me installing it like what I did to my old water heater is out of the question.
Any of you guys have this installed at your house? I know, in Europe this is what they use because of lack of space in their homes.
What are the pros and cons? Does it really save money in the long run? I dont want to have it installed and within 5 years then it needs replacement again....I will sacrifice for the space. My old tank type one is now close to 15 years of service.