How Much Does A Tankless Water Heater Cost

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.

How much does a tankless water heater cost.

The average cost for a tankless water heater installation is 1 985 or between 1 470 2 510. Ask your local pro whether your tankless system qualifies for a tax refund. A tankless water heater is one way to ensure that you never again experience any unexpected cold showers. 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.

Tankless water heats are more expensive primarily due to higher installation costs. For the same quality as a gas tankless heater costing 1 000 you can pay just 500 for an electric tankless heater. Tankless water heater installation costs tankless water heater calculator. Tankless water heaters typically last up to 20 years twice as long as a tank style unit.

The best way to budget for a new tankless water heater is to compare quotes from local contractors. But these devices don t come cheap. The home depot offers traditional water heater tanks and modern tankless units both powered by either gas or electricity. If your home needs to be rewired it can easily add 3 000 or more to the cost of installing a tankless water heater.

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 average purchase price for an electric tankless heater is 500 700. Tankless model prices vary by brand type and flow rate. Electric tankless heaters are relatively cheap to purchase.

Depending on your selection the average cost for water heater installation is between 1 000 to 3 000. 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. For example the chronomite sr 40 240v instant flow electric tankless water heater 2 with a capacity of 2 gpm costs 160 220. 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.

Traditional water heaters can take up to 16 square feet of valuable floor space. Most tankless water heaters have a life expectancy of more than 20 years. A tankless water heater costs about 2 111 to install or between 1 085 and 3 145 but labor rates vary. The average cost of a tankless water heater including installation is 3 000.