Get the tankless water heater at Lowes,in the past year in my job I seen a lot of them getting installed. These are what is being installed in newly built homes and remodeling houses. There much, much better don't have to worry about 50 gallons of water spilling out, but you do have to have an open circuit breaker for one unless you use natural gas. You are looking at $00 an up depending on size, but it's on demand heat, put you a link below.
http://www.lowes.com/lowes/lkn?actio...ater%20Heaters



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