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More info? http://designsbybsb.com/2011/12/hot-water/
You can go tankless and get in and out of the whole thing for about $2400 for a 4-5 bath home. You can free up that space and get a series of tax credits that add up to about $600. You can start saving roughly $35-$50 per month on your gas bill and the next thing you know, you've got the forever hot water system operating in your house for less money than the traditional, more costly to operate, tank water heater.