Friday, July 4, 2008
Natural Gas Price Hike
The gas company bumped prices by 20%. That's unusual in the summer. Now I'm paying about $50 a month for hot water and dry clothes. This bill usually runs around $30 in the summer. Maybe I should get one of those instant-on tankless hot water heaters. Time to do some math. This would reduce my gas bill by approximately $45 a month. It would increase my electric bill by approximately $18 a month. It costs about $490 shipped, and installation would cost around $250. I would have to use it for 28 months to break even at those prices. Maybe I'll just turn down the thermostat on the hot water heater a few degrees.