If you do not have propane, natural gas or your own windmill or solar plant, tankless is a last choice. The energy consumption to heat requires very large draws and unless you want to use your electric meter as a fan, as others have said, get a tank. I looked long at tankless a few years ago when rebuilding a log cabin and decided that the additional cost for the heater, panel upgrade, wire etc far outweighed the three hundred bucks for a good tank and the cost to run it over five years or so-- JMHO