How Much Does A Tankless Electric Water Heater Cost

But these devices don t come cheap.

How much does a tankless electric water heater cost. 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. A 50 gallon 5 500 watt water heater with a 90 ef and an electricity rate of 16 per kilowatt hour will cost 781 to operate each year. 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. The cost of water heated by electric is 100 per year more than gas.

For an electric whole house tankless water heater you can expect to pay up to 1 000 for the equipment and installation. Electric tankless water heater costs less expensive than gas electric models cost an average of 800 to 1 600 to install. Cost to purchase an electric water heater electric tankless heaters are relatively cheap to purchase. The 40 50 gallon water heater with a tank is about 350 3 000.

Traditional water heaters can take up to 16 square feet of valuable floor space. 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. While the gas heater is 250 1 200. Most tankless water heaters have a life expectancy of more than 20 years.

Most water heaters include a label listing the annual. The home depot offers traditional water heater tanks and modern tankless units both powered by either gas or electricity. For the same quality as a gas tankless heater costing 1 000 you can pay just 500 for an electric tankless heater. Electric models run consistently produce high energy ratings and are easier to maintain than gas.

A tankless water heater is one way to ensure that you never again experience any unexpected cold showers. Plus a gas heater costs less initially. The average cost of a tankless water heater with. Tankless water heats are more expensive primarily due to higher installation costs.

Tankless water heaters typically last up to 20 years twice as long as a tank style unit. Depending on your selection the average cost for water heater installation is between 1 000 to 3 000. With no need to vent the installation work is not as complicated. The average cost of a tankless water heater including installation is 3 000.