Do Tankless Water Heaters Save Money?
When a representative from one of the major tank-less water heater companies came down from Orange County to show me how to get rich selling their products, I was admittedly skeptical. I liked the general concept, but I already knew how much they cost and could not imagine a scenario where they would be a money saver. The more he hyped his product, the more entrenched became my original misgivings. As it turned out, my instincts were correct and following are the details of what I learned: If you have a situation where hot water is never used during the day and at night after bedtime, the pilot light on a conventional water heater stays lit and ignites the burner whenever the water temperature in the tank decreases. This unnecessary heating of water that is not being used is eliminated by the efficiency of a tank-less model. Maximum savings for eliminating this situation is estimated to be $120 per year. Read that again…$120 per YEAR! You might think, “What is wrong with that?” Nothi
