Cost Of New Electric Tankless Water Heater

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.

Cost of new electric tankless water heater.

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. How much does it cost to buy a new tankless water heater. Beyond the initial cost the national average for the installation of a tankless unit is slightly over 1 700. 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.

Tankless water heaters cost around 2 3 times more than traditional storage tanks. 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. Installing a tankless water heater is a greater upfront investment but these units can significantly cut the cost of monthly utilities. Tankless water heater cost.

Also most plumbers will charge between 250 and 500 to take the old water heater out and properly dispose of it.