With the winter months approaching, many of you are considering purchasing a tankless hot water heater. For those unfamiliar with this system, here is a basic description. This unit allows the water to heat only when needed. Here is an example: When you turn on your hot water tap, the cold water enters the heater and as the water flows through the heating element, the temperature rises. Therefore, when the hot water is turned off, the system automatically shuts down. This is a very cost effective unit to have in your home.
Ranging in price from $400 to over $1000, the tankless hot water heater can save you approximately 25% to 30% to replace your gas heater; 40% to 50% to replace your electric heater. This translates to a $200.00 savings.
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