Well, the 1956 Alcoa Alloy, "Atomic" water heater in my basement is finally giving up the ghost. It can't hold a constant temperature and has a tendency to shoot out scalding water followed by extreme cold. Since there are only two of us in the household, its not being over worked; its just well past its useful life and certainly not energy efficient.
With the predictions of high natural gas prices this Winter, I'm wondering if anyone has experience with Demand Water Heaters. The technology sounds good and any costs savings are a benefit, but I always like to hear from folks who have used a technology before I make the jump.
And for those of you who are technology historians - Alcoa Alloy is now know as Aluminum, and the water heater is not nuclear-powered, "Atomic" in this case is just a buzz word from the 1950s meaning powerful.