$364 $569
Back in stock. Home Depot has the EcoSmart 24 kW Self Modulating 4.6 GPM Electric Tankless Water Heater for $374 - $10 off with coupon code HDSPRINGBF [Exp 4/14] = $364 with free shipping.

Features digital temperature control and is designed to be energy efficient. Claims to save you up to 60% off your water heating cost. Excellent Amazon reviews.
$364 retail: $569
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Comments & Reviews (14)

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cubancheapskate
Ben's cred: 574
Posted 04/05/2014 at 11:03 AM PT
Posted 04/05/2014 at 11:03 AM PT
Great price for replacing a old legacy water heater. Install price can be $$$ though
Toby
Ben's cred: 160
Posted 04/05/2014 at 11:19 AM PT
Posted 04/05/2014 at 11:19 AM PT
I agree. In Europe this type of heater is very popular.
dennis007
Ben's cred: 544
Posted 04/05/2014 at 11:25 AM PT
Posted 04/05/2014 at 11:25 AM PT
100AMP. SOL for this old house.
sooby
Ben's cred: 28
Posted 04/05/2014 at 11:47 AM PT
Posted 04/05/2014 at 11:47 AM PT
Bare in mind these are rochet ships compared to regular water heaters more component =more to go wrong, lifetime on parts not labor. 100 amps will make your electric meter really turn at a high rate of speed I'm a big fan of KISS keep it simple stupid, dependability is high on the list.
jcahow
Ben's cred: 2
Posted 04/05/2014 at 11:57 AM PT
Posted 04/05/2014 at 11:57 AM PT
Requires three 40AMP Double breakers so you need 6 openings in your breaker box or SOL!
dave_c
Ben's cred: 5862
Posted 04/05/2014 at 01:29 PM PT
Posted 04/05/2014 at 01:29 PM PT
^ Or you just put in another box.
dennis007
Ben's cred: 544
Posted 04/05/2014 at 01:44 PM PT
Posted 04/05/2014 at 01:44 PM PT
^ Or just replace old big bulky one with tandem breakers.
suednim
Ben's cred: 446
Posted 04/05/2014 at 06:52 PM PT
Posted 04/05/2014 at 06:52 PM PT
Call Al Gore and let him use his Arab money to pay for it. Otherwise, these are just as bad an idea as hybrid/electric cars.
mleejr
Ben's cred: 123
Posted 04/05/2014 at 11:02 PM PT
Posted 04/05/2014 at 11:02 PM PT
I have one of these. All this about it using a lot of electricity is a myth. I've had mine for 2 years now and have no discernible change in my electric bill. I have a separate breaker in my basement that I had installed a while ago and put the 3-2 pole-40 amp breakers. My electric bill is often less than it was than before I had this. That obviously doesn't mean it uses LESS electricity, it just means it has no real effect on your electric bill. Gas is VERY pricey compared to electricity, especially when compared to a standard gas water heater as this just runs when you need it as opposed to constantly for a water heater tank. The plumber gave me the same nonsense and tried to sell me a $3000 gas tankless! This thing will come no where NEAR the $2600 difference for even 20 years. You will save a lot of money over a standard gas water heater and a TON of money initially over a gas tankless. Any savings you will not see for many, many decades, if ever. And as for sooby calling into question the reliability as this is a 'rocket ship'...it's 3 heating elements. It's NOT rocket science...literally....No moving parts and 3 heating elements seems insanely reliable in the long run.
btc909
Ben's cred: 618
Posted 04/05/2014 at 11:29 PM PT
Posted 04/05/2014 at 11:29 PM PT
Natural Gas is constantly creeping up in price. My wife kept pushing me to install a tankless water heater yet we live in a 2007 home that has a gas vent, and a dedicated drain line in case the pan the tank water heater sits in decides to leak.

Paying over $2500 for a nice gas tankless water heater is downright insane. Plus the installation.
sooby
Ben's cred: 28
Posted 04/06/2014 at 07:31 AM PT
Posted 04/06/2014 at 07:31 AM PT
# 9 there are moving parts flow switch safeties control module, these all have life cycles built into the design, how readily available are parts for this in the event of a failure? also the warranty states no warranty due to mineral build up, copper & galvanized get deposits although copper not as bad, give it some time see how this works out.
mleejr
Ben's cred: 123
Posted 04/06/2014 at 08:08 AM PT
Posted 04/06/2014 at 08:08 AM PT
sooby, those valve exist in gas tankless also. Same with the sediment.. btc909 is right. Get this. You are insane if you buy a regular water heater or a tankless gas. This is cheap and reliable. Get this if you are in the market. I can't say enough good things about mine.
campigenus
Ben's cred: 14
Posted 04/06/2014 at 11:10 AM PT
Posted 04/06/2014 at 11:10 AM PT
Where do you people get the insane prices for the tankless gas heaters? I see them for only $5~600 more than the regular heaters. In many, if not most, states, the price difference is almost made up by state and federal rebates.

There is no reason I can think of not to have a tankless system, whether gas or electric.

Anyone who claims that tankless heaters use more energy to heat the water must have quit school before they started learning physics.
campigenus
Ben's cred: 72
Posted 04/06/2014 at 02:37 PM PT
Posted 04/06/2014 at 02:37 PM PT
Where do you people get the insane prices for the tankless gas heaters?


Get a quote for installation. I was quoted about $2000-2500 by a plumber. My chimney and gas line would have to be replaced if I went with a new gas tankless water heater. For electric I'd need 200A service which I was quoted at about $4000, IF I dig the trench myself. In addition to the chimney removal, roof repair, etc. A new standard tank water heat is about $500-600 installed. There might be tax incentives, but they're not going to refund 1/2 of that. The difference in operating expenses might be $10/month.

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