Fishing Fools said:
VS Tanked?
Brand?
Propane or electric?
Experience…
This is outdoors related because the water comes from the ground.
If you don't already have electric, then you will most likely not have the electric capacity. I had 4 tankless electrics at my house in Houston. Each one required two 50A circuits to run. It serve 4800 square feet, including 3 full baths. I had 400A service. They were great in terms of never running out of hot water, but we were on a well, so, your temperature could fluctuate a bit. Also, in the winter, sometimes the water wasn't as hot as you would like. They have a limited capacity in terms of temperature rise vs. flow rate.
If you have gas, and you want tankless, then that's the way I would go. Not as efficient as electric, but good enough. With gas, if you lose electricity, you may still have hot water. With electric, no chance. I was on a generator so not a huge deal, but still.
I think the standard tank style is still superior. You can heat water at any time to exactly the temp you want, no temp fluctuations in short term, and if you have 4 water heaters, you are pretty much endless hot water for all intents and purposes. Plus, parts are easier to find for tank style, and if they go out, I can go to the box store, pick it up, install it, and be done in half a day max. With tank style, you arent going to get parts locally and you aren't going to find one at the box store if you have to replace it. All of them have different formats and the stub outs are probably not going to match the old one.