We have an old AO Smith 40 gallon gas water heater which seems to have some leakage issues.
We have been anticipating replacing it for some time now but I need some advice.
There are five of us in the house (including my 15 year old daughter, who takes very extended showers!)
The current unit seems to poop out after 2 or 3 showers and we will not run the dishwasher or washing machine in anticipation of showering.
For a new unit, should we go with a larger unit (75 gallon) or are we better off with a smaller 50 or 65 gallon with a faster recovery time? What about the "instant," tankless water heaters?
What gives the best performance, balancing efficiency and hot water availability?