The water heater is 110 gallons, and it's about to rust out! If you look under it, every two seconds or so it drips water. It needs to be replaced before April. We will save money with the new water heater for two reasons: because we can easily turn it off when there is no group in Cedar for a few days, and it is more efficient when it is running. We will see at least a 20%, $150 savings per year.
Our customers are the biggest reason to switch the water heater. They will be much happier, because the current water heater is only good for 6 showers... and there are usually 50 people in the lodge. The new water heater is an instant water heater, so whether you are the first one in the shower or the 35th in the line, a hot shower will be waiting.
Here is where we are going to save money! We have two furnaces that are only 65% efficiency. Last year Cedar used 3,000 gallons of propane. Now if you update those to 95% efficiency furnaces:
$7,500 -10% for water heater = $6,750 - 32% = $2,160 savings per year $5,000 cost for upgrade /$2,150 = 2.3 years for ROI (Return Of Investment).
$7,500 -10% for water heater = $6,750 - 32% = $2,160 savings per year $5,000 cost for upgrade /$2,150 = 2.3 years for ROI (Return Of Investment).
Want to partner with us to help purchase these furnaces and the water heater? Click here and select "General Maintenance" from the "Choose what to give to" drop-down list.
