Tankless water heaters?

[Wilson Churchill]

Can anyone share their experiences with using tankless water heaters? I had to replace an electric water heater recently, and someone at the city building department recommended using a tankless unit. I was surprised to find that there are models available for only $300 to $400, which would meet the needs of my homes, since most of my homes have only one bath..

There is this natural gas model by Marey that generates 4.3 GPM for around $310.

Home Depot sells an electric model EcoSmart that produces 3.5 GPM for $362:

http://www.homedepot.com/p/EcoSmart-18-kW-Self-Mod...

It seems like these could actually be cheaper than the old tank style, and would be fairly easy to install.

[Colleen F.]

Makes sense if there is another reason to do it  but if tenants are paying the electric there are more minuses then plusses ( complaint on volume, cost for you).  I am not saying you will get less water but any time they run out they will blame it on the equipment.  We put a tankless one in our house which is electric and it truly works great, never run out of water.  We had a tankless on the oil furnace and I was always running out of hot water. I was blaming it on the supply but part of it was you had to adjust the flow rate.