01-25-2016, 10:02 PM
Paul F. wrote:
[quote=billb]
[quote=DP]
Next time I'm going with a tankless. There are just two of us here and it makes more sense.
With relatively low natural gas prices you may save only $100/yr which doesn't quite cover the double to triple outlay cost of the tankless vs storage if it only has a lifetime of 20 years vs 10.
They are (more ) popular and cost effective where fuel costs are high.
They're no long "double to triple" the cost either.
The cheapest Rheem storage tank (40 ) is $399.
The cheapest INDOOR Rheem tankless here is $1099.
There are OUTDOOR tankless units for $700.
No one installs water heaters outside here.