Electric Tankless Hot Water Heater Installation Cost

Tankless water heater buying guide tankless water heaters produce more hot water using less energy than the most efficient tank heaters saving energy space and money.

Electric tankless hot water heater installation cost.

No one wants to take a cold shower or have high energy costs. 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. Electric tankless water heaters also cost less to install than gas units. 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.

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. Advantages of a tankless water heater. 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. Beyond the initial cost the national average for the installation of a tankless unit is slightly over 1 700.

Tankless water heater cost. Installing a tankless water heater is a greater upfront investment but these units can significantly cut the cost of monthly utilities. Traditional water heaters can take up to 16 square feet of valuable floor space. Gas tankless water heater prices.

While a standard water heater wastes 30 percent of. 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. By heating only the water you re actually using these units can provide energy and cost savings over time. The right water heater will provide your family cost effective and reliable hot water.

Gas water heaters require venting to prevent the buildup of harmful gases inside the home. Tankless water heaters typically last up to 20 years twice as long as a tank style unit. 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. Rather than storing water tankless water heaters use heating coils to heat the water as you need it.

Tankless water heaters cost around 2 3 times more than traditional storage tanks. The installation costs for electric systems range from 800 to 1 500 while installation for gas units cost between 1 000 and 1 500. Also most plumbers will charge between 250 and 500 to take the old water heater out and properly dispose of it.