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How many people in your household?I would absolutely prefer to do tankless. Problem is that when they first came out years and years ago, I convinced my wife that we should get one. House was 100% electric.
She never has paid bills, so while I would try to show her that we were in fact saving money, she just never believed it. And, again relatively new technology combined with a lower end unit ... we ended up having a problem where one of the inner tanks burst and was shooting scalding water all over the utility area. Electric panel was right next to it, and the whole house shut off valve so I couldn't get in to turn it off. Had to call Electric company for them to come out and emergency shut off the whole house just so I could get into the room to turn water off.
That event is all she remembers about it and she swears we'll never have another tankless.