How Much Does A Tankless Water Heater Cost

Tankless water heats are more expensive primarily due to higher installation costs.

How much does a tankless water heater cost.

The initial cost of a tankless water heater is greater than that of a conventional storage water heater but tankless water heaters will typically last longer and have lower operating and energy costs which could offset its higher purchase price. The average cost for installing a tankless water heater is around 2 500 4 500 with the average customer paying 2 808 for a gas whole house unit. If you want a top of the range heater there s no need to pay more than 700. Often times special wiring needs to be installed in order to handle the increased load and or a new vent pipe needs to be installed.

For the same quality as a gas tankless heater costing 1 000 you can pay just 500 for an electric tankless heater. If your home needs to be rewired it can easily add 3 000 or more to the cost of installing a tankless water heater. Most tankless water heaters have a life expectancy of more than 20 years. But these devices don t come cheap.

The home depot offers traditional water heater tanks and modern tankless units both powered by either gas or electricity. The average cost of a tankless water heater with. Tankless water heaters typically last up to 20 years twice as long as a tank style unit. For example the chronomite sr 40 240v instant flow electric tankless water heater 2 with a capacity of 2 gpm costs 160 220.

The average cost of a tankless water heater including installation is 3 000. Traditional water heaters can take up to 16 square feet of valuable floor space. A tankless water heater is one way to ensure that you never again experience any unexpected cold showers. Tankless water heater installation costs tankless water heater calculator.

A tankless water heater costs about 2 111 to install or between 1 085 and 3 145 but labor rates vary. Ask your local pro whether your tankless system qualifies for a tax refund. Tankless water heater cost tankless water heaters cost around 2 3 times more than traditional storage tanks. The best way to budget for a new tankless water heater is to compare quotes from local contractors.

Depending on your selection the average cost for water heater installation is between 1 000 to 3 000. Tankless model prices vary by brand type and flow rate. Electric tankless heaters are relatively cheap to purchase. A small point of use tankless water heater typically electric for a single sink shower can cost 120 350 for a unit that fits under a sink or in a cabinet and produces 2 2 5 gallons per minute gpm.