[CTgolfer]

I had my husband read all of your wonderful info regarding tankless water heaters. He's been anxious to replace our standard water heater that is around 8 years old. He agrees with everything said here; i.e., return on investment, etc. What he hasn't seen mentioned is the reason why he wants to replace ours, specifically, our water heater is located in our lower level that has been finished. A neighbor also had a finished basement and their water heater broke and left them with several inches of water that ruined their wallboard, carpeting and furniture. He realizes this may not be an issue in Florida, but certainly one that he is concerned about. Seems the life expectancy of the water heater we have is around 8-10 years.