Cost To Install On Demand Electric Water Heater

Installing a tankless water heater is a greater upfront investment but these units can significantly cut the cost of monthly utilities.

Cost to install on demand electric water heater. Tankless water heaters cost around 2 3 times more than traditional storage tanks. Traditional water heaters can take up to 16 square feet of valuable floor space. 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. 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.

Installation costs for an electric heater are 700 to 1 000 while the cost to install a gas heater ranges from 1 000 to 2 000 depending on whether you have an existing gas line and vent. 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. 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. Expect a gas on demand water heater installation to take the better part of a day.

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

Beyond the initial cost the national average for the installation of a tankless unit is slightly over 1 700. The best way to budget for a new tankless water heater is to compare quotes from local contractors. Most tankless water heaters have a life expectancy of more than 20 years. The answer is probably but it is probably worth it to hire a professional.

Many people ask if it is possible to do a diy tankless water heater installation. 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. Tankless water heater cost. This makes the total cost for a 40 gallon electric hot water heater between 1000 and 1 700 with the total costs of a 40 gallon gas hot water heater.

The initial cost of a tankless water heater is greater than that of a conventional storage water heater but tankless water heaters will typically last longer and have lower operating and energy costs which could offset its higher purchase price.