How Much Does A Tankless Water Heater Cost

Ask your local pro whether your tankless system qualifies for a tax refund.

How much does a tankless water heater cost. A tankless water heater costs about 2 111 to install or between 1 085 and 3 145 but labor rates vary. For the same quality as a gas tankless heater costing 1 000 you can pay just 500 for an electric tankless heater. The average cost for a tankless water heater installation is 1 985 or between 1 470 2 510. 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.

For example the chronomite sr 40 240v instant flow electric tankless water heater 2 with a capacity of 2 gpm costs 160 220. If you want a top of the range heater there s no need to pay more than 700. Tankless water heater cost tankless water heaters cost around 2 3 times more than traditional storage tanks. 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.

But these devices don t come cheap. Tankless water heater installation costs tankless water heater calculator. The average purchase price for an electric tankless heater is 500 700. 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.

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 of a tankless water heater with. 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.

Most tankless water heaters have a life expectancy of more than 20 years. The best way to budget for a new tankless water heater is to compare quotes from local contractors. 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 tankless water heater is one way to ensure that you never again experience any unexpected cold showers.

The average cost of a tankless water heater including installation is 3 000. Tankless model prices vary by brand type and flow rate. Electric tankless heaters are relatively cheap to purchase. If your home needs to be rewired it can easily add 3 000 or more to the cost of installing a tankless water heater.