Gas tankless is always gong to be better; heating anything with gas is always better. The gas ones I have seen are typically in high end homes over 2800 square feet and I have never heard a complaint. Homes over 3500 or so usually have 2, based on the lay out of the home. I did a ton of research on the electric ones since I only have propane they look to be a solid deal and the cost isn't prohibitive IMO. I have two 80 gallon water heaters and going to a tank less or on demand is a no brainier for me. The only time I have seen the electric ones are in apartments and no complaints there; of course they are roughly 1000 square feet. I have roughly 3000 square feet and think 1 should be enough for me. Although by the time I actually get one it may just be my and the wife. Installation seems reasonable but I have not talked to an actual plumber about, only seen what various vendors say on their websites. I think another benefit is possible leaks from a traditional water heater. In HHI water heaters are almost always in the attic. Mine are in my garage but I closed in most of my garage for either a teen room or climate controlled storage, so it is a concern for me as well.