All the expensive roosters I’ve been putting off for so long because of financial uncertainty seem to be coming home to roost all at once. I need several expensive home repairs, a root canal (to be performed Monday. Oh, the joys), and there’s a few things wrong on both our cars I’ve been putting off. To top off the whole bowl of ice cream, last night I hear water running in my office. Not unusual, because the laundry room with all the appliances is on the other side in the unfinished part of the basement, and the laundry drains into the utility sink. But then I realized I had been hearing it for half an hour. So I go look and there’s water gushing out of my hot water heater. No damage, because it goes right into the sump pit, but now I need a new water heater.
So the question is, do I replace the tank or go tankless? My utility space is really cramped. I have no room to work. I can’t work on my electrical panel. It’s obviously not code. A tankless unit would fix all that. The problem is they are like twice as expensive as the old tank heaters. To top it off, the amount of work to put in a tankless is a lot more, as I’d have to make a wall penetration out the side of my house.
Anyone out there have experience with tankless hot water heaters? What’s your opinion? I’ve never owned one and never installed one.
39 Responses to “Bleeding Money”
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