Electric Tankless Hot Water Heater Installation Cost

Tankless water heaters typically last up to 20 years twice as long as a tank style unit.

Electric tankless hot water heater installation cost.

Tankless water heaters cost around 2 3 times more than traditional storage tanks. Installing a tankless water heater is a greater upfront investment but these units can significantly cut the cost of monthly utilities. Beyond the initial cost the national average for the installation of a tankless unit is slightly over 1 700. Gas tankless water heaters usually produce higher flow rates than electric models.

A tankless unit uses 30 to 50 percent less energy than a standard water heater saving the average family more than 100 a year on heating costs. By heating only the water you re actually using these units can provide energy and cost savings over time. Tankless water heaters are about the size of a carry on suitcase and can be installed on virtually any wall inside or outside of your home. They re more energy efficient than a storage tank but provide only a limited flow of hot.

Rather than storing water tankless water heaters use heating coils to heat the water as you need it. An electric tankless unit will cost about 500 to 700 roughly the same as a traditional tank model while the cost of a gas tankless heater runs about 1 000 to 1 200. Tankless water heater cost. Department of energy estimates that in homes using 41 gallons or less of hot water on demand tankless units can conserve between 24 to 34 more energy than tank water heaters.

A tankless water heater costs about 2 111 to install or between 1 085 and 3 144 but labor rates vary tankless model prices vary by brand type and flow rate. Typically tankless water heaters provide hot water at a rate of 2 to 5 gallons 7 6 to 15 2 liters per minute. Traditional water heaters can take up to 16 square feet of valuable floor space. The cost to install a new water heater ranges from 400 to 900 for a 40 to 50 gallon tank and between 1 470 and 2 510 for a tankless.

While a standard water heater wastes 30 percent of. Gas tankless water heater prices. The average cost for a tankless water heater installation is 1 985 or between 1 470 2 510 if your home needs to be rewired it can easily add 3 000 or more to the cost of installing a tankless water heater. Also most plumbers will charge between 250 and 500 to take the old water heater out and properly dispose of it.

The best way to budget for a new tankless water heater is to compare quotes from local contractors. Tankless water heater cost. Gas water heaters require venting to prevent the buildup of harmful gases inside the home.