How Much Does A Tankless Electric Water Heater Cost

The 40 50 gallon water heater with a tank is about 350 3 000.

How much does a tankless electric water heater cost.

For the same quality as a gas tankless heater costing 1 000 you can pay just 500 for an electric tankless heater. Tankless water heaters typically last up to 20 years twice as long as a tank style unit. If you want a top of the range heater there s no need to pay more than 700. Cost to purchase an electric water heater electric tankless heaters are relatively cheap to purchase.

While the gas heater is 250 1 200. Electric tankless water heater costs less expensive than gas electric models cost an average of 800 to 1 600 to install. For a gas powered whole house tankless water heater you can expect to pay up to 3 000 for the equipment and installation. 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.

Most water heaters include a label listing the annual. Electric models run consistently produce high energy ratings and are easier to maintain than gas. Tankless water heats are more expensive primarily due to higher installation costs. But these devices don t come cheap.

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. The average cost of a tankless water heater with. With no need to vent the installation work is not as complicated. Depending on your selection the average cost for water heater installation is between 1 000 to 3 000.

Plus a gas heater costs less initially. Traditional water heaters can take up to 16 square feet of valuable floor space. For an electric whole house tankless water heater you can expect to pay up to 1 000 for the equipment and installation. 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 cost of water heated by electric is 100 per year more than gas. The average cost of a tankless water heater including installation is 3 000. These units do not store hot water but rather heat it as needed which saves energy. Most tankless water heaters have a life expectancy of more than 20 years.