Tankless Water Heater Cost
Why use a Tankless Water heater?
Tankless water heaters are a modern solution to older tanked units. By heating water as you need it, these tankless models are more energy efficient, provide on-demand hot water for as long as you need it. These compact models fit most living spaces and are a great feature for modern homes.
Tankless Water Heater Average Cost
Depending on the unit you choose and whether you go with an electric or gas model, the cost of a tankless hot water heater can range from $3,500 to $6,000.
Factors In Tankless Water Hater Cost
While installation costs may vary, a few factors that go into the cost of each tankless water heater include:
- Brand / Manufacturer
- Unit Size
- Type of unit - gas or electric
Tankless Water Heater Type
Pros & Cons
Gas – Most Efficient / Complex install. Need a flue, sweat drainage, expansion tank, and pop off valve.
Electric – Simple Install. / Needs multiple circuit breakers, less efficient than gas, but still more efficient than a tanked unit.
Cost
$4,500 average (range: $3,500 to $6,000)
$3,000 average (range: $2,500 to $4,000)
What Are My Potential Savings?
Tankless water heaters save homeowners money day in and day out. While tanked water heaters constantly heat and maintain temperature on upwards of 50 gallons, tankless heaters only run and heat water as you need it.
By only heating water as you need it, a tankless water heater conserves energy. Upgrading to a tankless unit can help homeowners save on their energy bill over older tanked models.
Finance Your New Water Heater
Ready to get hot water on-demand, but not sure you have the budget? We are proud to offer multiple financing options through Service Finance to make your plumbing project more affordable. At Keemer Plumbing, we make sure that quality water is something every family can access.