LESLIE: Mike in South Dakota needs some help searching for a tankless water heater. What can we do for you?
MIKE: I love your show.
MIKE: Was just thinking about a tankless water heater as an option for our home. We’ve got a small utility room and one, it might offer us a bit more storage space in the utility room. But family of five, all-electric house, a lot of water usage, you can imagine, with an eighth grader, a third grader and a college student that comes home from time to time. And was just curious your thoughts on if there’s a good product to really take a look at and with return on investment, things like that.
TOM: So, do you have any gas power whatsoever? Do you have a gas grill or a propane supply for heating?
MIKE: We sure do. I do have a propane tank out back, about 250 gallons. I do use it primarily for gas grilling.
TOM: OK. Perfect. What I would recommend is that you look at a tankless water heater. Tankless water heaters are awesome right now because they save you a lot of energy and they, literally, never ever run out of hot water. And with those kids, you’re going to need an endless supply of hot water. Trust me, as a father of three, they use a lot of hot water.
Now, one of the complaints, typically, about water heaters is that it takes a long time for the water to get to the faucet, especially first thing in the morning. Rinnai, though, is now out with a new technology that incorporates a thermal-bypass technology, which enables you to have relatively instant hot water regardless of how far that fixture is from the house. So I would take a look at the tankless water heaters made by Rinnai and I would look, especially, at the models that feature thermal-bypass technology. Because that’s really state-of-the-art.
MIKE: Excellent. I will do that. I live in an area where there’s quite a few plumbers, so we’ll see what options are out here. Thank you.
TOM: Good luck with that project. Thanks so much for calling us at 888-MONEY-PIT.