Buyout Direct Energy Hot Water Heater
- buy it out ($697 which seems like a lot for a 5 year old heater)
- buy a new replacement for this tank (currently a Rheem PVW50 36000 BTU unit)
- buy a tankless hot water heater
Option 1 is the easiest but it seems criminal to pay that for the age, option 2 is a reliable option (know what I am getting) however I am a bit curious about option 3 if I am going to buy a tank anyways.
This is feeding a 2600 sqft house with 2.5 bathrooms and a family of four, how would a tankless heater perform? What is the cost difference between a tankless unit that is suitable for my house versus a 50 gallon tank unit?
Anyone been in a similar situation?