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Message: [QUOTE="bfs3, post: 3978137, member: 10189"] Includes unit. It’s not that different from installing a high efficiency wall hung boiler. Similar unit cost and operation. A good rule of thumb for residential HVAC by a company you’ve heard of without having to look too hard; Equipment+ materials (usually $1000+) X 3 or 4. Cost for 2 licensed guys to a company ~ $2500/day. Think about having two car mechanics come to you. Equipment/materials plus a mark up and a rate of $130-$150 per guy per hour. If you know and trust a small time plumber and the project can be done by one plumber then that’s going to be your lowest price. That’s why I was wondering why the OP was so focused on small rebates and equipment cost. It should cost him at least 3 or 4 times more to put in an on demand instead of a tank. [/QUOTE]