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Tankless Water heater FAR (make money) National Fuel and the Fed. Archived From: Expired Deals

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for So Cal Gas it should be like this

Rebates expire by 12/31/2007

The Gas Company rolled out their rebate program for energy efficient improvements. Under the program, a tankless water heater qualifies for a $200 rebate.

The Gas Company rebate

http://www.socalgas.com/twh/

The Federal Government gives you $300 credit if you install energy efficient equipment. Expires 12/31/07

IRS document

http://www.irs.gov/newsroom/article/0,,id=154657,00.html

One of the tankless water heaters is a Rinnai Basic model that provides between .7 to 4.2 galons per minute of continuous hot water for $629

http://www.foreverhotwater.com/model-r42e.php

So the math is

$629 - $200 National Fuel rebate - $300 Federal credit = $129 + professional installation cost whatever that is. I would not


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MegaViper said:Funny noone out of all these post mention that if you actually CLICK the site and read it says you have to have a licensed contractor do the install for another $400 and you have to send in thier federal ID # on the receipt.

Did you read the other post? The need for a licensed contractor was covered in several post already....I don't see where it needs to cost 400.


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Boy, lots of both accurate and inaccurate information in the posts. Here's my two bits:

1. The OP's deal is good if you're considering tankless of that size and live in the qualifying service area with a rebate (which may or may not be dead)
2. Tankless heaters eliminate standby losses (keeping a tank full of hot water)
3. Fact: A BTU (measure of heat) is the amount of heat it takes to raise one pound of water one degree farenheit. So cold water takes more BTUS than hot water to raise to any higher temperature, makes sense.
4. Retrofitting tankless heaters, if done by a professional, is normally more expensive than replacing a tank heater
5. Larger households, with the possibility of multiple simultaneous hot water users (more than one shower/bath at a time, dishwasher, washing machine, etc...) will require a larger tankless heater to provide satisfactory performance.
6. Fact: Electricity is traditionally more expensive than Natural Gase on a BTU basis in the USA. However, electric heating is near 100% efficient in virtually all modern appliances. Gas heating efficiency varies dependent upon the design of the applianceh, typically from 80-98% in modern appliances.

So, several variables have to be taken into account
A. How much hot water do you use and when (simulataneous or sequential use such as multiple showers, etc...)
B. What is the most cost effienct and available energy source (natural gas/propane/heating oil/electricity/solar)
C. How important is the length of the payback period for savings (this being FW, I suspect we all want to be paid for using hot water)

Happy Calculating!


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Here's a question for someone:

How does the tax credit work?

If you make $30,000 do they deduct $300 off your taxable amount or do they give you $300 after.

Reason I ask is because of the EIC I will not be paying out any tax/$'s, so if I'm right this wouldn't work or me at all.


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Here is a thread I started a while ago where I did quite a bit of reading and research:

http://www.fatwallet.com/forums/arcmessageview.php?catid=24&threadid=607682

Shahhere


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Gladiator99 said:Here's a question for someone:

How does the tax credit work?

If you make $30,000 do they deduct $300 off your taxable amount or do they give you $300 after.

Reason I ask is because of the EIC I will not be paying out any tax/$'s, so if I'm right this wouldn't work or me at all.

This is a tax credit, not a deduction. It will either reduce the amount you owe by $300 or increase your refund by $300.


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lots of great info....thanks op


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kenmarks
The thermal efficiency is 85% and there are no losses from storing the water (which is not minimal as "someone who is in the industry" stated).
Here is a good question. Why do Americans use tank-type heaters and many other countries use tankless? Do you think it might be because status quo is the norm here and saving energy (which is more costly elsewhere) is more important in other countries? Kind of like 14 mpg SUVs versus 60 mpg Polos..[/Q said:

What is your definition of minimal? Water heaters are very efficient at keeping the temp of the water when the water is not in use. They use to sell (and be useful) thermal blankets to put on water heaters to prevent the loss of heat. Today they are all but worthless. Just go and touch your water heater, it should feel room temperature (except for the line coming out).

Think how well a cheap thermus works at retaining heat...or a simple styrofoam container

It's not rocket science to realize that the costs associated with tank/tankless heaters really isn't the tank, rather its the method of heating, and the distance from the tank/heater to the outlet. A 100' run's savings from your basement to the 2nd floor bathroom is going to be negligeable regardless of the method to heat the water. You will still have 100' of cold water in those pipes to bleed off.

There is something to be said for at-site heating methods (small electric heater at the outlet), but this is for conservation of WATER, NOT $$$ savings.

And this is probably why other contries rely on these methods, they are trying to be frugal on water usage.


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mikeywl said:$741.54 in Savannah too.

the price shows 741 to me too but when you check for availability in your local area.
i mean input your zipcode and then the price drops to 500 plus.

Hope this helps.


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I have already used up my $500 tax rebate on windows, doors, and a new A/C unit. Good deal either way. Just a most of these units come with a warrenty but only if you have a professional certified install the unit. As well these units kick on everytime you use hot water so I would recommend a storage tank to assist the unit.


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Nostradamus said:
I use a gadget called a chilipepper appliance...bought it online from their website of the same name.
effectively pumps in hotwater.

Nostradamus, how long have you had the Chilipepper? It looks like a cool idea. Unfortunately my wife rolled her eyes when she saw the $200 price.


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An interesting discussion..... something to consider for electric water heaters, even though their efficiency is very high as compared to like gas water heaters, that doesn't mean they have less detrimental effects on the environment or they are cheaper to operate. Effects on the environment for electric heaters are very dependant on the source of the electricity. If it's a fossile fueled generating facility, the cradle to grave efficiency of an electric water heater is very low. On the other extreme, if the source for the electricity is wind, solar, etc., it's efficiency is very high and has little impact to the environment.

Whether gas or electric should be used and economics of operating is the overall determining factor, don't consider efficiency alone, the unit cost for gas and electric as well as their efficiencies need to be taken into account. It's possible to have a less efficient heater that operates on energy that costs less, to have an overall cost that is less to operate than possibly something more efficient.

There are many more things to consider in which type of heater is best..... electric vs gas, tanks vs tankless, each have their application.

It was mentioned before that people in other countries use tankless water heaters and it was compared to the reasons why they drive small vs large cars....... if you've been to many countries that use tankless technologies, in many of those countries you'll find the main reason why they use tankless technology is they simply don't have the room for a tank style heater.


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Not so fast.....................
As many new PRIUS owners have found out the amount of the tax credit will vary (downward)
because of the AMT tax.


No slam dunk here.

http://www.rothcpa.com/archives/001200.php


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One thing to consider about installation: Most, if not all, states require by law that your plumbing contractor must be licensed. You can't and shouldn't get just any old Joe-Schmo with a ladder and a white van to install this. An improperly installed water heater can cause you some serious problems down the road. Please get a licensed plumber to do your install if you decide to go for this deal.


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Check your local gas/power company. In Central NJ, PSE&G only offers a $50 rebate for water heater.


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$598 in Austin, Texas Gas Service has a $300 rebate.

So this is quite tempting.

No idea how much install would cost.

I'm concerned 4.3GPM is too restrictive for a Shower I just added.

I have a water recycling pump already on it -- so that helps.

thanks,

M


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Anyone know how/where this has to be installed, noticed it has to be vented,
how close to the consumption source?

m


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seningen said:Anyone know how/where this has to be installed, noticed it has to be vented,
how close to the consumption source?

m

Tankless water heaters need to be vented straight up while most water heaters don't. Also tankless vents are typically bigger than water heaters. If these conditions aren't met, it means adding holes and closing old ones. Fun Fun...


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coolT said:farcrazy said:Kind of off-topic, but there is a misconception that these tankless water heater is a lot more efficient. The only thing that it saves energy is the stand-by loses and piping loses. The stand-by losses for water heaters these days (assuming good foam insulation) are pretty minimal, and the piping loses will be about the same if you place your unit at the same location as before. The gas energy that it takes to heat the water comes at a lot higher BTU and definitely special venting and other installation is required.

For people who are really concern about saving money from water heating (like I am)- they should take a look at solar heating and/or heat-pump technologies that has been around.


I disagree. Tankless water heaters are more efficient than conventional gas water heaters. Electric heaters are more efficient but cost more per year to operate (electric more expensive that gas). Tankless water heaters also last longer. I agree strongly that heat pump and solar technologies are good for the enviroment and should be considered.

I guess the pilot light is the culprit.


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nycll said:coolT said:farcrazy said:Kind of off-topic, but there is a misconception that these tankless water heater is a lot more efficient. The only thing that it saves energy is the stand-by loses and piping loses. The stand-by losses for water heaters these days (assuming good foam insulation) are pretty minimal, and the piping loses will be about the same if you place your unit at the same location as before. The gas energy that it takes to heat the water comes at a lot higher BTU and definitely special venting and other installation is required.

For people who are really concern about saving money from water heating (like I am)- they should take a look at solar heating and/or heat-pump technologies that has been around.


I disagree. Tankless water heaters are more efficient than conventional gas water heaters. Electric heaters are more efficient but cost more per year to operate (electric more expensive that gas). Tankless water heaters also last longer. I agree strongly that heat pump and solar technologies are good for the enviroment and should be considered.


I guess the pilot light is the culprit.

I'd think that the heat from the pilot light would end up in the water anyway, so it's not wasted.


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