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The main disadvantage is their much higher initial costs; a US study in Minnesota reported a 20- to 40-year payback for the tankless water heaters. [citation needed] In a comparison to a less efficient natural gas fired hot water tank, on-demand natural gas will cost 30% more over its useful life. [dubious – discuss] [citation needed]
Typical retail price for a domestic drain water heat recovery unit ranges from around $400 to $1,000 Canadian. For a regular household, water heating is usually about 20% of overall energy demand. [2] The energy savings can result in an average payback time for the initial investment of 2–10 years. [citation needed]
A hybrid water heater is a water heating system that integrates technology traits from both the tank-type water heaters and the tankless water heaters. [5] It maintains water pressure and consistent supply of hot water across multiple hot water applications, and like its tankless cousins, it is efficient and can supply a continuous flow of hot ...
Solar heat is clean and renewable. This is the most modern system. Increasingly, solar powered water heaters are being used. Their solar thermal collectors are installed outside dwellings, typically on the roof or walls or nearby, and the potable hot water storage tank is typically a pre-existing or new conventional water heater, or a water heater specifically designed for solar thermal.
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Time to complete. 1 to 2 weeks. 1 to 3 days. Cost. $300 to $700 — often paid by the lender, if you meet certain conditions. Lower or no appraisal fees. Property verification.
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