Years ago I went to an on-demand, tankless, water heater. It uses far less electricity because it only runs when you need water and then heats it instantly. And we never run out of hot water. You can take a shower for an hour if you want to. Government even gives you a tax break to install it.
The water heater in the house when we bought it was located IN THE ATTIC. The house was built around it and we couldn't even get it out. It's still there 30 years later. When it went out water was dripping through the ceiling over the patio and I had to crawl through the attic to get to the turn-off valve.
At that time, we put a new one in the garage. Had to reroute all the pipes and run new electric line since our house is all electric.


When that one went out, we went to the Tankless. First one was a real cheap model and it lasted about five years. We replaced it with a much larger one and it is now going on ten years.
In a colder climate you would need a REALLY big one though.


Hope you get back to normal soon!