Easy Heat Pipe Heating Cable 18 ft. AHB-118

Cable installs fast and easy. Each package contains grounded plug, built-in thermostat, and instructions. Cable has weather-resistant PVC outer jacket and inner insulation. Keeps water flowing down to -40 degrees Fahrenheit. Features power indicator light, 3-wire grounded cord, and plug. 7 watts per foot, 120 volts. Approved for rigid plastic and metal pipe. UL (Underwriter's Laboratories) listed.

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Is this a good hot water system for less than $1000?