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What is the daily stuff? The stuff is something that is good for you and good for the environment and good for the people or pets around you. The stuff makes sense. The stuff may or may not directly tie into real estate.

The stuff for today...

Probably one of the single best upgrades I ever made to my home was to update my dead water heater with a tankless water heater.  Sure the initial cost and installation ran me about $800 more than a standard water heater, but I realized an immediate monthly savings of $20.  That means that after 3.5 years of use that water heater has paid for itself and for the next 11.5 years of it's expected life span I will be saving $20 a month or $2,760.    Yes, I did say 11.5 years.  A tankless water heater should last you approximately 15 years while a standard water heater has a life span of only 3 -12 years depending on the hardness of your water. 

What are the two main benefits of a tankless system? 
1. No storage tank:  The water is heated only when you need it and a tank of hot water is not being constantly kept at temperature.
2.  Endless hot water:  Once activated your tankless hot water system will heat the hot water for as long as you need it.  You could take a shower for a week and never run out of hot water, but I don't suggest that you do. 

In addition to the savings mentioned above you can also receive a tax credit in 2007 of up to $300.  Follow this link to find out more:
http://www.energystar.gov/index.cfm?c=products.pr_tax_credits#s2

For more information on Tankless systems follow these manufacturers links:
Bosch:

http://www.boschhotwater.com/BoschHotWatercomHome/GasProducts/tabid/331/Default.aspx

Bradford White:
http://www.bradfordwhite.com/products2.asp?id=1&product_id=75

Rheem:
http://www.rheemtankless.com/content/

Rinnai:
http://www.rinnai.us/Products/water_heaters/overview.aspx

Noritz:
http://www.noritz.com/tv/

 

 A short youtube clip on tankless systems:

And some comic relief:

 

34 Comments on daily stuff - October 10, 2007 - Tankless Water Heaters

Thanks for the information ... I have been a big proponent of the systems

10/10/2007 10:40 AM by Allen Wright CNS, AHS, REPS (RealtyU)


I've seen these before and they are gaining in popularity, but you need natural gas to run one.  In my area this is a huge problem.  We are just now getting access to this resource.

10/10/2007 10:46 AM by Brandon Causey Realtor Coastal Palmetto Realty LLC (Coastal Palmetto Realty LLC)


I'm sending this information to my husband, Andrew.  We're in new construction (well, at least we were three years ago) and have a whopping 75-galloner sitting downstairs.  If we replace this thing now, we might actually add to the math and be able to sell THIS one for a few bucks!  Or we could saw it in half, drill holes in the sides, and grow tomatoes on the back deck. 

Cheers! and Thanks! from DC...

     Jaynee

10/10/2007 10:50 AM by Jaynee Acevedo, Capital Style Home Staging (Capital Style Home Staging)


Brandon - Tankless systems also come in electric models.  A quick google search of electric tankless hot water heaters will result in many options.  http://www.google.com/search?q=electric+tankless+hot+water+heater&sourceid=ie7&rls=com.microsoft:en-US&ie=utf8&oe=utf8

 

10/10/2007 10:52 AM by Andrew Stone - EcoBroker® (Windermere Real Estate)


Great Post. We all need to look toward conservation of our resources including our own wallet.

10/10/2007 10:55 AM by KC Coonc, Bellingham Commercial Real Estate (Windermere Real Estate/Whatcom, Inc.)


Great news and analysis.  Also, I appreciate the info on the $300 credit.  Cheers

10/10/2007 11:06 AM by Keith Stoller (San Joaquin Bookkeeping & Tax Services)


Very valuable information.  I have wondered about how tankless water heaters work.  Thanks for compile this resource.

10/10/2007 11:49 AM by Jonathan Washburn (ActiveRain Corp)


Great timing-I just talked a client into putting these systems into their new home.  She'll be pleased to read that I'm not the only one talking about it. =)

10/10/2007 12:01 PM by Leigh Brown Charlotte NC Broker/Owner (RE/MAX Signature Properties)


Thanks for this post, Andrew. We have been considering replacing our old water heater with this type when it dies. We would like to be "green" and it seems so wasteful to heat this water 24/7 when we use it so little.  We have heard through the grapevine (not always reliable) that the monthly savings is related to the cost of fuel in your area and ours wouldn't be a substantial savings. I would like to hear from people in the midwest with this to see if it has saved them money. Maybe the natural gas and electric ones are different in utility bill savings, also?

10/10/2007 12:33 PM by Terry Westbrook


Just closed on the first house I've seen with one of these.  So far my buyers absolutely love it, and I'm thinking about using one in my new home I'm building.  Great info!  thanks

10/10/2007 12:44 PM by Drew Riley (Spa Realty, Inc Team Riley)


Thanks Andrew -- I just commented on a post yesterday about this same subject.  Hopefully in the near future tankless hot water heaters will be the standard in new construction.

10/10/2007 12:46 PM by Lori Gilmore - Will County Illinois Realtor (Radcliffe Realty)


Andrew,  Thanks for sharing.  The video clip was very informative and saved me the research on something I needed to know.  Thanks!

 

10/10/2007 01:06 PM by Red Hot Atlanta Homes - Kathy Seger & Ben Staten (RE/MAX Greater Atlanta)


Andrew - Great Post!  Have you had any problems with yours?  I may recommend this to a client who is interested in super energy savings on his home...Thanks...

10/10/2007 01:28 PM by Eva Armstrong - Environmental Visions (Environmental Visions)


WOW...

I will need to look into this...

10/10/2007 01:48 PM by Mehmet Met Dilsiz (FND Photography)


Thanks for the information.  I only hope I never have to figure this out.  I'll leave it in my dear husbands category of things to do. 

10/10/2007 01:51 PM by Diane Bell, Hilton Head Real Estate, Bluffton (Charter 1 Real Estate, Hilton Head, Bluffton, SC)


thanks for the info on the tankless water heater. 

10/10/2007 02:06 PM by Joshua Talayka (Chase Internatinonal)


Terry - The savings would be regional, but I cannot imagine that it would not be very significant.  Rather than 24/7/365 heating like you have in a tank heater, you are only heating the water for the hour or so that you may use it each day.  I am curious to know what your research will turn up in your area.  Please keep me posted. 

 

Eva - I have had zero problems with mine since installing it.  knock on wood!  I have noticed no change in performance at all in 3.5 years and we have 60+ year old pipes in a 100 year old home.  

10/10/2007 02:46 PM by Andrew Stone - EcoBroker® (Windermere Real Estate)


  • This is very helpful infomration. In the Older homes in Clintonville Ohio, the older hot water tanks always seem to break the week before closing!
Joe Jackson

10/10/2007 03:00 PM by Joe Jackson (Keller Williams Capital Partners)


This sounds great I have been thinking of having one of these installed.  Where did you get yours?

10/10/2007 03:46 PM by Rain Wallace (Citywide Home Loans)


 Rain - I picked up mine at Home Depot.  I installed an Aquastar Whole House system.  They are manufacutred by Bosch. 

10/10/2007 03:52 PM by Andrew Stone - EcoBroker® (Windermere Real Estate)


Great information Andrew! I am going to recommend one of these to my current buyers.

10/10/2007 05:10 PM by Steven Durrance (Florida Pines Realty, Inc.)


I have helped a couple of my clients to install Rinnai units. They all love it .In Europe ,Japan and other countries that is what people use.

10/10/2007 07:06 PM by Martin Ktoda


Everyone I know who has a tankless system loves it.  Personally, I want one bad.  Guess I need to close a few more deals.  :)  Nothing more frustrating than not being able to use the jetted tub because your water heater tank is undersized!

10/10/2007 08:11 PM by Kim Peasley-Parker (AgentOwned Realty)


Hi Andrew - thanks for the info in this post, the links are great to have for some more research.  I talked with a guy who works in the Rinnai tankless heaters at a Home Show recently.  I really liked what he showed us, and am leaning that way when I need to replace my current water heater.

Thanks again for the links you have in this post!
Ann

10/10/2007 08:16 PM by Portsmouth NH Real Estate ~ Ann Cummings (RE/MAX Coast to Coast - Portsmouth New Hampshire)


Andrew - enjoyed this stuff - wish I'd known about it when I replaced my water heater last year.

10/10/2007 08:44 PM by Clearwater Real Estate Pinellas County Condos & Homes for Sale- Cyndee Haydon (Charles Rutenberg Realty)


We installed an under-sink tankless hot water system for the hot water dispenser at our kitchen sink.

 

LOVE IT!!!

 

Is there also a tax rebate?

 

If not, I'm still a happy consumer. 

10/10/2007 09:56 PM by Roberta Murphy - Carlsbad Real Estate North County San Diego Realtor (Villa Sotheby's International Realty)


Good information Andrew. It's always good to hear the personal experiences also. 

10/11/2007 12:36 AM by Mary Bigelow, Renewing Your Life! (Ma's Marketing)


LIsa - There is a downside.   The only one I have come across and that is that because the tank is not always hot you have to run the water about 10 seconds longer than normal for hot water to appear at the tap. Not a big deal though.  If you have a large home (mcmansion) you may have to install a couple at strategic points in the home.  Or perhaps one for a first floor and one for a second in an old Victorian.  You could also consider a on room unit rather than several whole house units as you would probably only use them for a bathroom on a second floor. 

 

Roberta - The tax rebates are only for the larger units.  I don't think they are available for your under sink unit.  Sorry...

10/11/2007 08:02 AM by Andrew Stone - EcoBroker® (Windermere Real Estate)


I have Takagi tankless ("demand") water heaters installed at my home, my office, and several of my rental units. O the whole I've been quite satisfied with them... But... there a number of potential "gotchas" in tankless installations, especially if you are replacing an existing tank type water heater. I've put together a page of my collected posts about this installation at:

http://paragoninspects.com/home-inspection-tankless-water-heater-installation-problems-faq.html

11/25/2007 01:13 PM by Michael Thomas, Home Inspector, Chicago IL (Paragon Property Services)


  • MIchael,  That is an excellent post and thank you for the link to your site.  It is a fabulous resource!  I appreciate it.

 

11/25/2007 06:33 PM by Andrew Stone - EcoBroker® (Windermere Real Estate)


Andrew

My pleasure, hopefully that information will save others some time and grief by avoiding the time we spent crawling up the learning curve on these units – we had some *very* unhappy contractors when things had to be redone because they were not familiar with demand heaters.

I just went back, cleaned up the page formatting, fixed a few typos, added a few manufactures’ links, and added a brief note on energy efficiency.

Please fee free to link to that  page (or any of the informational pages on the new site) if you wish – over the next few weeks we will be porting a lot of this sort of  technical information over form the old format (mostly PDFs) and into .html FAQs.

Best,

MDT

11/25/2007 09:07 PM by Michael Thomas, Home Inspector, Chicago IL (Paragon Property Services)


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Andrew Stone - EcoBroker®
Salt Lake City, UT
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