Installing a tankless water heater is a greater upfront investment but these units can significantly cut the cost of monthly utilities.
Cost of installing tankless water heater gas.
Tankless water heaters cost around 2 3 times more than traditional storage tanks.
The installation costs for electric systems range from 800 to 1 500 while installation for gas units cost between 1 000 and 1 500.
Gas tankless water heater prices.
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.
The best way to budget for a new tankless water heater is to compare quotes from local contractors.
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 heater cost.
Tankless water heater cost.
Gas water heaters require venting to prevent the buildup of harmful gases inside the home.
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.
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.