Our first water heater died about a year ago, and we finally lost the second one this weekend. Jeff is in the process of finishing up the installation of them. Hopefully this weekend so we have water!
Why go with a tankless water heater?
The general premise behind a tankless water heater is to only heat water "on demand" as it is needed. This eliminates the need for a storage tank and dramatically increases energy efficiency. Almost every major shortcoming of a conventional water heater is addressed by a tankless system.