I wanted to revive this thread with an update after using the tankless for a winter season.
We encountered only one problem having the tankless heater and it wasn't really related to the unit at all. Thanksgiving saw heavy use of the kitchen propane-fired stove/oven a lot in conjunction with the Rheem propane water heater. The Rheem unit requires a LOT of propane to fire the 155k BTU burner. The kitchen stove seemed to never really get to the desired heat setting and the turkey came out a bit undercooked. After some thought I figured out why...we were using a lot of hot water in the kitchen and the stove/oven were in heavy use. Apparently the oven was being starved of propane and never reached the correct temp as a result. Next time, we'll know how to compensate for the heavy use. Other than that, no real issues.
But there are definitely pros/cons to the tankless system:
Pros:
- They are more efficient at providing hot water in terms of energy use when used properly.
- You'll don't run out of hot water.
- Very small...takes up little room whether inside or out.
- Relatively inexpensive compared to most of the better tank models.
Cons:
- You really have to change some habits...like a quick hand-washing. Firing up the 155k burner for just a minute or so several times throughout the day will use more propane than a standard water heater.
- Seems to take a little longer to get hot water to the faucet.
- With cold well water (our's averaged about 41 degrees during the cold months) the water will only get so hot...probably about 104 degrees, give or take a degree. Plenty comfortable for a shower. But the water doesn't get sufficiently hot for washing some dishes that can't go into the dishwasher. We use a lot of cast iron and other non-dishwasher safe pans and such for cooking. Wife likes a very hot rinse for them which doesn't happen with this unit.
All in all I'm pretty satisfied and cab live with a tankless heater. The wife prefers a standard tank-type unit. But the bottom line is they will work and provide hot water, even in the higher and colder elevations (we're at about 8200 ft). I might be a bit more hesitant if I had a bigger house...or at least look into a bigger unit with stronger capabilities.