[bcrdukes]

Traum nailed it in the head for me, and for the same reasons we didn't go with the tankless system. I felt that our house, being 35+ years old, wasn't ready for any additional drilling and new holes to be put in, so rather than risk installing the tankless system, and deal with a potential plight of only a year's warranty, the original hot water tank did the job, and for the cost (including a new furnace installed) paid off in itself very quickly. The tankless sytem would have taken a while to amortize, including any cost savings on energy bills.