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Posted by HeatPro on February 15, 2005 at 18:06:26:
In Reply to: Re: instant hot water makers (electric) posted by clem on February 15, 2005 at 17:25:50:
Yes, oil is higher than it was; it costs about $1.80 to make 100,000 btu of water at present rates. That's about 170 gallons of hot water. In NYC it costs $4.10 to make the same amount of hot water with electricity at 14 cents a kilowatt. So the tenants will definitely pay for their own hot water.
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