I have an electric tankless water heater. Wish I could tell you if there is any actual savings vs a traditional water heater.
The one I bought was about $800 4 years ago. Then it cost $750 in parts and labor(wires and double throw breaker) to have the wires run from the main electrical box to the tankless.
You can not just plug a tankless into the socket that the tank water heater plugged into. In retrospect I would have mounted the tankless right next to the main power source for the house. That would have put it in my bedroom. Way less expensive to run pvc pipe then copper wire.
Moral to the story: There are hidden costs to getting it set up. Do your homework.
Last edited by iamgeo; 11-06-11 at 07:24 PM..
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