Best way to save money when hot water is heated by tankless coil oil boiler

Discussion in 'Water Heater Forum, Tanks' started by andykp, Oct 31, 2011.

  1. andykp

    andykp New Member

    Messages:
    3
    Location:
    Long Island NY
    I realize that I am throwing money away heating my hot water in the summer with the tankless coil within my 1993 peerless oil burner. Oil is around 4 dollars a gallon and I would guess I am using 200 gallons just for domestic hot water.

    Is a hot water storage tank -- a booster such as the therma foil 50 gallon hot water booster, enough or should I ad a fully indirect hot water heater?

    The cost of the therma storage tank is $1400 installed and it has a circulating pump.

    I also have a gas line in the house. If I can save even 100 gallons a year, this can easily pay for itself in 4 years but am I missing something or is there a better way to go?

    thanks
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