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Heres a quick comparison based on new versus new (83% tankless vrs a standard tank)
Thank you Lee, that's very interesting. I can also attest to the high cost of electric, especially the electric resistance heating. When we purchased the house in 1987 it was an all electric monster. We hooked up to natural gas 15 years ago and found quite a savings with the gas hwbb heat & new hw heater.
I too am surprised to see such savings; I think the hoopla about savings is largely marketing. Tankless makes sense to me for high demand applications where you'd run out of hot, or for space savings, but not for $ savings.
This is my reminder to myself that no good will ever come from discussing politics or religion with anyone, ever.