I had actually looked into it for our house, but the overall price was prohibitive,
and our local HVAC guy said it would take longer than our natural life expectancies
to recoup the costs. I laughed, he didn't????
He recommended (for the house types) a Japanese make called Takagi, over
the Bosch or Rheem ones sold at the big box home reno stores. Said they were
more reliable in design, less points of failure. More expensive, but I trust him on this.
I know this doesn't help an RV application necessarily, but if I had to decide on
tank vs. tankless I'd probably let short term price decide, assuming the performance
is about the same. A tank for our house would be just under $1000 installed, and a
Takagi Tankless was just over $3200 installed. Natural gas/propane is still cheap
enough that it would have taken well over 10 years (he already had the calcs!) for us
to achieve break even. Apparently tankless are noisier, and what happens if your
power vent fails? No hot water? They also generate a lot more BTUs much more
quickly than a tank, and I have no idea what the heat dissipation around the
installation location might be, or do? I'm going to assume it's got a flow rate
sensing system in it (in case your water pump fails or the pressure drops) so
that might be an issue to consider, although I'm not sure if it's relevant. If I
warm up a tank of water, and my pump fails, I've got a tank of hot water I can't
use either. The HVAC guy suggested it made more sense for a larger family, with a
greater or more frequent demand situation (tankless in your home).
Food for thought?
"Ah, some days, it really is a tankless job..."