kenmac
Super Member
- Joined
- Feb 13, 2005
- Messages
- 9,903
- Location
- The Heart of Dixie
- Tractor
- McCormick CX105 Kubota MX 5100 HST,
water problems ? If you had to replace elements because of water problems.Trust me, You don't want a tankless
Talk about going off on a tangent? There is no comparison between the two.Why do you think investing in stock market and investing in house is different? Either way you are taking chunk of money out of your savings to buy something.
If the return on a furnace is so far out that you could put that money in a mutual fund and be ahead, then you have more money.
You have to factor in taxes, installation cost, ect.
Like I said, buying another car to save gas, when you have one is often a bad idea. But it feels good. To someone who doesn't think much they are saving money every day.
The averase person can't do math. The heart wants what it wants.
Hope that anyone installing one in their basement has a floor drain.
Mine is right beside the sump hole and will drain straight into it.
I bought the Rheem hybrid water heater you pictured in January, after a power surge fried my previous electric heater. The yellow energy sticker stated 151 dollars/year on the hybrid vs 505 on the previous 5 year old heater.
In the 3 months we've had it, our electric bill has been running 75-80 dollars less each month. Not sure how much the weather enters into that, it's been a mild but wet winter so far. The utility co. Rebated 300 dollars of the 995 original cost. So far, I am happy with the heater, and probably won't go back to a non hybrid when this one goes out.
I installed this one myself, it was easy using pex and shark bite fittings, and didn't bother with the wifi stuff. Mine is in my garage, and the one thing I didn't expect was the large amount of condensation output from the unit. Right now, it just empties into a bucket, which I empty every day. When the weather dries up, I will need to install a drain line running out through the foundation. Hope that anyone installing one in their basement has a floor drain.
FWIW, we put in a GE GeoSpring "hybrid" water heater in 2010 when we moved into this house (the old unit was leaking). "Hybrid" meaning it has both a heat pump and internal resistance elements. It has been run in "eco" mode since install (meaning the resistance elements are locked out). For us, it has provided plenty of hot water, has never run out, since install with 2 to 4 adults in the household over the 7 years of operation.
No problems to date. We did pay an additional $75 for a 10 year bumper to bumper warranty (covers everything including repair/replace labor), but no need to invoke it to date.
Nick
Talk about going off on a tangent? There is no comparison between the two.![]()
100% comparison. Replacing a car for a more a fuel efficient model, and time value of money. You buy water heaters with money. You want to save money. Often it would be better to take the money you were going to use to buy the water water heater, and buy a mutual fund. It should be doubling around every 7 years. People here are talking about making up the money. Breaking even is not getting ahead.
Some people just don't understand math, electricity, or money. Hopefully they are lucky in love.
10 year mortgage or 30 year making an extra payment to principal each year and investing what's left?
10 year mortgage or 30 year making an extra payment to principal each year and investing what's left?
Mine is similar, it's next to a floor drain, same drain my water softener regenerates into. And also the dehumidifier dumps into.
My heat pump hot water heater takes hot air from my wood stove right across from it. The wood stove burns all winter long. The basement is unfinished. The basement is usually around 80F in winter and the same in summer. Temps in summer can and have gotten up to 100+.