LESLIE: Brian in Canada, you’ve got The Money Pit. How can we help you today?
BRIAN: Yeah, I’m looking at getting a tankless water heater installed in my house. It’s got an old gas – about a 30- or maybe even a 40-gallon tank in there right now and I’m just kind of wondering the advantages of the tankless and also maybe a good place to shop around and compare prices would be.
TOM: (overlapping voices) OK. Sure. A tankless water heater is an excellent idea. They are super-efficient and it’s very nice to have an on-demand system; one where you basically have an unlimited supply of hot water. It’s there whenever you need it; also convenient if you have kids because you can instantly dial the temperature up and down. You’re not storing or paying to heat an entire tank of water that you’re not going to use. You’re basically heating it just as you need it.
TOM: There are lots of good manufacturers out there; one you might want to take a look at is Rheem. You can go to their website at RheemTankless.com; got a selection of the products that are available there. In the states, they qualify for the federal energy tax credits and also the Energy Star designation; so very energy-efficient product.
TOM: And definitely the way to go. I just think if you’re going to replace your water heater today, you really don’t want to continue on with a tanked unit. You really want to go tankless and save as much money as you possibly can moving forward.
You know, tanked water heaters didn’t really last that long; I mean ten years was an average life. The tankless are going to last a lot longer and be a lot more efficient. It costs a little bit more money but definitely worth the investment.
BRIAN: OK. Thanks, appreciate it.
TOM: You’re very welcome. Thanks so much for calling us at 1-888-MONEY-PIT.