I have decided 100% to forget about going to a tankless water heater - some people love them, some hate them. In any event I am seriously considering the AO Smith Vertex 100 50 Gallon 96% Efficient 100,000 BTU Hot Water Heater. It claims to never truly run out of hot water. I need one that can be vented out the side of my house. I am planning to eliminate my chimney all together.
While it carries a fairly good price tag, I would be getting 50% off of the cost going through the NJ clean energy program. And that is before any other rebates/promotions.
So cost aside, is this the Mercedes of water heaters?