I've always had a house with a gas water heater, and have always heard how much less expensive they are to run than electric. Now I'm house-hunting and one of the houses I like has oil forced hot air heat (something else new to me) and an electric water heater. There is no gas available.
I'm wondering if it would make any sense for me, as a single person, to consider getting a tankless heater? (Having had a previous water heater leak all over the basement, I can see a benefit to tankless, especially since the house I looked at has the water heater on the main living level).
It's certainly not the first thing I'd consider upgrading, but I was curious if a) if electric hot water is really as expensive as I've always heard and b) if there is such a thing as an oil, rather than electric, tankless system (or would the limited amt of time it's used really make a difference in the fuel source). c) Would any other type of water heater be more efficient
Thanks!