Mr Rex
Elite Member
- Joined
- Jan 12, 2004
- Professional Status
- Certified Residential Appraiser
- State
- North Carolina
Tankless water heaters can be used for both purposes but would require a circulation pump to return the formerly hot and now luke warm water back through the water heater to reheat it. Since the returning water is warmer than typical well or municipal water that is in the 50s due to the temperature of the earth a few feet below ground, it would actually add less load than the incoming domestic water etc. However, this is usually a closed loop as you wouldn't want the luke warm water when you needed to take a shower etc. Maybe find out who installed it and give them a call to get a briefing of how the system works and if it is sufficient. You are never too old to learn new stuff. 

but the OP is in NJ. If pipes freeze, they burst, and when they thaw, they flood and you get mold and all sorts of problems so it is not just a matter of occupant comfort. If a flipper is being cheap, then there is elbb. If being efficient, there are better options.