Before you consider an electric tankless water heater, look closely at the current draw of the unit and your electric capability where you plan to install it. The current draw is HUGE and you may find yourself with not enough amp capacity in your panel to handle it.
For simple washing of your hands, etc, in a shop, get a small tank unit, such as 20 gal or so, you will be better off. I installed one of those tiny point of use, 2.5 gal units under my sink, way too small to even wash your hands. Eventually I will replace it with a 20 gal or so unit with a very large heat element, mounted up above the sink on the wall.
Charles