Wrong-sizing a water heater is the most expensive mistake we see homeowners make. Too small and you are running out of hot water mid-shower when someone starts the dishwasher. Too large and you are paying to heat water nobody uses. For tank heaters, the number that matters is the first-hour rating (FHR) -- how many gallons it can deliver in the first hour. For tankless, it is flow rate in gallons per minute (GPM). Get these numbers right and you will never have a cold shower again.