Originally Posted by
jlisenbe
Wel, it is possible that the hissing sound you are hearing is coming from the air valve on top of the tank. If you want to find out, put your finger over the valve and see if the hissing stops. Or you can mix up a little soapy water and put some on the valve. If it bubbles, then the valve is bad. The good news is this: You can simply replace the valve stem and fix the problem.
However, there is still a question to be answered. Is this cycling going on all the time, or only when water is being used? If it is all the time, then the CV becomes the suspect. If it is only when water is being used, then the tank is the place to look. It's a very simple yet important question to be answered.