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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.

You can use multiple tankless water heaters, but that doesn’t mean you should. Adding multiple tankless heaters adds considerable cost to your home in both parts and installation costs. Also, you’re adding many more points of failure in the system, making plumbing issues harder to diagnose. More heaters mean more maintenance, and insurers may want a word regarding the increased risk of water damage. A single, larger unit makes more sense in most situations.

Yes, you can convert a gas water heater to an electric one, but it is a complex process. You will need to ensure there is adequate power for the new electric unit, as they require more power than gas models. The project also involves safely closing off the gas lines and ventilation, and some cities may require a permit for the conversion. The cost can range from $1,500 to $4,100, depending on the installation scope, plumbing and electrical work, and the water heater model. For an accurate quote, it's best to contact a local professional. Also, be aware that your monthly utility bills may increase after the conversion, as natural gas is typically cheaper than electricity.

Unusual noises, lack of hot water supply, efficiency loss, and visible leaks are signs of necessary replacement beyond mere repair.