Cost Of New Electric Tankless Water Heater

The low end tankless model costs about 430 minus installation while the average purchased model costs around 1 200.

Cost of new electric tankless water heater.

A tankless water heater that is purchased brand new will cost up to 2 000 and a whole house water heater tank costs anywhere from 600 800. How much does it cost to buy a new tankless water heater. 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. 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.

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. Beyond the initial cost the national average for the installation of a tankless unit is slightly over 1 700. Also most plumbers will charge between 250 and 500 to take the old water heater out and properly dispose of it. You can buy an electric model for 500 700 while a gas unit will set you back 1 000 1 200.

Tankless water heaters cost around 2 3 times more than traditional storage tanks.