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.
Cost of installing tankless water heater gas.
A tankless water heater costs about 2 112 to install or between 1 085 and 3 144 but labor rates vary tankless model prices vary by brand type and flow rate.
Gas water heaters require venting to prevent the buildup of harmful gases inside the home.
For a basic project in zip code 47474 with 1 heater the cost to install a tankless gas water heater starts at 2 465 2 893 per heater.
Tankless water heater cost.
Tankless water heater cost.
The best way to budget for a new tankless water heater is to compare quotes from local contractors.
Actual costs will depend on job size conditions and options.
The cost to install the actual tankless electric water heater is about the same as a traditional water heater at 90 450 with a gas installation costing about 1 700 including adding the gas line.
Installing a tankless water heater is a greater upfront investment but these units can significantly cut the cost of monthly utilities.
Tankless water heaters cost around 2 3 times more than traditional storage tanks.
The average cost for a tankless water heater installation is 1 985 or between 1 470 2 510 if your home needs to be rewired it can easily add 3 000 or more to the cost of installing a tankless water heater.