Are you sick of wasting money on heating up the water for your home? If so then it may be of interest to you to look into a tankless water heater. It is a fairly new technology that is looking very promising. The Rinnai R-53i Plus is a standard model that should work in most home. It can provide continuous hot water on demand up to 5.3 gallons per minute. There is no pilot light and an interior sealed combustion unit. Just in case the electricity goes out, there is a battery backup. It weighs 48 pounds and costs around $1000.
There are many energy saving reasons why to go tankless. To begin you will get around 40% energy savings. It goes along with 84% capture of heat energy. The most interesting fact about the heater is that it only uses energy when you need to heat up water. Therefore the amount of energy used is much lower than a traditional. Low NOX emissions make the water heater environmentally safe as well.
There are some drawbacks to a tankless water heater. Depending on where you live, it may not even be an option. For example, if you live in a higher altitude, or have an older home, the heater may not work for you. While the energy savings are great, the cost of the initial unit is not. It can get fairly pricey depending on which unit you end up going with.
If the lifespan of your home water heater is nearing to an end, it may be time to get rid of it for good. The Rinnai makes quality tankless heaters that will save a lot of energy over its lifetime. At $1000, it may make you think twice about whether it may be a worthwhile purchase. If you have the extra money to spend, do so, you will be happy the next time the electric or water companies decide to raise the rates.