Electric Tankless Hot Water Heater Installation Cost

While a standard water heater wastes 30 percent of.

Electric tankless hot water heater installation cost.

They re more energy efficient than a storage tank but provide only a limited flow of hot. 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. Tankless water heaters cost around 2 3 times more than traditional storage tanks. Gas water heaters require venting to prevent the buildup of harmful gases inside the home.

Tankless water heater cost. Gas tankless water heaters usually produce higher flow rates than electric models. Beyond the initial cost the national average for the installation of a tankless unit is slightly over 1 700. Installing a tankless water heater is a greater upfront investment but these units can significantly cut the cost of monthly utilities.

The best way to budget for a new tankless water heater is to compare quotes from local contractors. Tankless water heaters typically last up to 20 years twice as long as a tank style unit. 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. Advantages of a tankless water heater.

The installation costs for electric systems range from 800 to 1 500 while installation for gas units cost between 1 000 and 1 500. Gas tankless water heater prices. A tankless water heater costs about 2 111 to install or between 1 085 and 3 144 but labor rates vary tankless model prices vary by brand type and flow rate. 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.

By heating only the water you re actually using these units can provide energy and cost savings over time. Electric tankless water heaters also cost less to install than gas units. Traditional water heaters can take up to 16 square feet of valuable floor space. 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.

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. Rather than storing water tankless water heaters use heating coils to heat the water as you need it. Typically tankless water heaters provide hot water at a rate of 2 to 5 gallons 7 6 to 15 2 liters per minute.