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Your electricity must be really pricy to get a one year payback, up here reg 50gal electric $700, 50gal Heat Pump electric $2900, $2200 purchases a lot of electricity, Tank will likely need replacing prior to breaking even. Great for application that needs electric but does not have enough amperage to house or off grid use. When building I did consider one but went with natural gas, regular tanks have a 10 year lifespan around here.
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87 930,
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