[kragen]

Is energy per liter often the limiting factor? Suppose a 70m² apartment with 3-meter ceilings costs US$3000 a month because it's in an expensive city center like San Francisco or Manhattan. That's still only 17¢/liter/year. Expanding your hot water storage space from 45 liters to 200 liters consumes space worth US$27 per year of your rent. Even that cost seems far too low to be a limiting factor, and the vast majority of people live somewhere much cheaper than that.

I think that what actually costs money is not the space but the tank. Higher temperatures mean not only more expensive materials and shorter lifetimes for tanks and piping but also higher conductive losses.