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A Consumer Guide to Costs & Benefits. This is a great idea which in turn heats your house and provides national hot water from a single space heating water heater: The cost of a place heating water heating combo unit is higher than that of a separate heater and heater. However , installation costs happen to be lower owing the lack of a furnace. There are some rebates and tax credit programs on offer in certain state and native jurisdictions, which would offset the higher initial cost. There are fewer moving parts in a space heating water heater which means easy maintenance and fewer services.

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