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.

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