All water heaters available for purchase after April 16, 2015 will be taller and wider than prior models in order to achieve the required efficiency ratings ordered by The Department of Energy (DOE) back in 2010. The law is just now in effect.
Most manufacturers report that the retail price will increase 25%.
But that’s not the only cost you could be incurring. The new sizes of the tanks will make replacement a logistical challenge in tight spaces. It may require reframing a utility room, doors, and HVAC run changes.
So be prepared for the new costs and inconveniences, swallow hard, and realize there is not a dag nabbit thing you can do except stomp your feet and pay up.
Dan Baldini is the Founder of Polaris Real Estate & Polaris Property Management, LLC and is also an Adjunct Professor in the College of Business Finance Department at Butler University in Indianapolis where he teaches Real Estate Investing.
Dan focuses his practice on the residential real estate markets including Indianapolis, Carmel, Zionsville, Fishers and other surrounding areas. Dan continually seeks out new resources for Team training and education in order to keep all the Team members skills on the leading edge of real estate best practices. He is an active real estate investor himself, owning and managing a portfolio of investment properties in the Indianapolis markets.
A resident of the Northside area since 1979, Dan has extensive intimate knowledge and experience of the market forces that dominate the Zionsville, Carmel, Fishers, and Indianapolis real estate markets. He has been active in real estate since 1996 with a specific focus on North side properties. Dan is an active networker in his local communities as well as with top agents nationwide