Originally posted by: Mwilding
If your water heater is leaking, GET A NEW ONE TODAY!!! When they leak it is a matter of time (and not much time at all) until the go completely and you have 50 gallons of water dumped and a steady flow of water going into your closet/basement etc...
If you don't already know where it is, find the shutoff valve for the water going into the tank. The hole can very suddenly get a lot larger as Mwilding said.
It's worth taking a look at Sears at the Kenmore water heaters. There appears to be a 66 gal. unit on sale(it may vary by region so I'll let you look for yourself).
Most electric water heaters and especially a large (66 gal) unit will be 240V. You need the wattage rating off of you old heater. It should be on a sticker on it. There's been some good advice already given. Check the ratings of the breakers in your breaker box and take that to the store with you also.
This is not something that you can wait on a few days. It will need to be taken care of if not today than tomorrow unless you can do without hot water and shut the water off to the tank and trip the breakers off.
info from the 66 gal Kenmore unit
Power:
Wattage at 240V 5500 Watts
Maximum Fuse Required 30 amps
Minimum Wire Size 10 gauge
No reason to look at tankless in your situation as far as I am concerned. Don't buy the most expensive, all you are doing is paying for a longer warranty. Middle is good, pay attention to the energy useage, a few dollars more for a more efficient tank will probably pay for itself. Energy isn't getting any cheaper.