I saw a blog the other day on tankless water heaters and found some information I thought I would share as I do sale new homes in Chesapeake, VA. I am going to have my builder look at them and see what he thinks. We could promote them as "green houses" with a few more tweaks.
Here is some info on tankless water heaters.
They cost two to four times more than conventional heaters. So if you are looking at $500 for a conventional system you may be looking at $1000 to $2000 for a tankless system.
Who's ever heard of them and how do you explain it to a buyer?
They may be 8-14% more efficient then a coventional system.
You may save $50 to $100 a year on your energy bill.
The faucets furthest away from the system may have lower than normal temperatures unless you have a thermostatically controlled system.
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They are good for certain purposes, but I would rather use a recirculating system.