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Yes, this would be an appropriate choice. In order to comply with the National Electric Code’s rules, you'll need to install a circuit breaker that's 125% larger than the intended load. In this case, you'll multiply 30 amps by 1.25 to find the necessary breaker size. Plugging that equation in for your 30-amp water heater will leave you with a 37.6-amp breaker. If your current water heater keeps tripping the breaker, it might be time to talk to a plumber or electrician about upgrading your water heater's setup.

The size needed for your expansion tank is determined by the size of your home's water heater. Expansion tanks are available in 2-gallon and 4.5-gallon sizes. A 2-gallon tank will be appropriate for water heaters up to 50 gallons. An adequately sized tank should have a volume that equals 2% to 5% of the water volume within the system. A plumber can evaluate your home's water pressure, water heater size, and other factors to provide suggestions for picking out the best expansion tank.

Tankless water heaters are more expensive than those with a storage tank, but they come with some impressive benefits that most homeowners find worth the higher investment. Most importantly, they provide unlimited hot water, so you’ll never run out like you would with a storage tank. Tankless heaters are also more efficient, so comparing gallon-for-gallon, you’ll spend less on hot water with a tankless heater. Tankless water heaters are also smaller, require less maintenance, and tend to last longer than storage tank water heaters.

If your gas water heater is over 20 years old, it should be replaced. Gas water heaters can last up to 12 years and while they can exceed this expectancy if well-maintained, a heater that's 20 years old would require replacement. The heater is unlikely to run as efficiently as a new model and could be more expensive to do so.