Electric Tankless Water Heater Cost

Tankless water heaters tend to cost more up front than storage tank models.

Electric tankless water heater cost.

Tankless water heaters cost around 2 3 times more than traditional storage tanks. 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. A tankless unit uses 30 to 50 percent less energy than a standard water heater saving the average family more than 100 a year on heating costs. Our whole home models are a perfect match for installations in small spaces and no venting is required.

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. The nine models in our tests range from 525 to 1 150. Our whole home gas and electric models are great for homes with busy families homes with luxury bathrooms and vacation homes while our point of use electric models are ideal for a single faucet or shower. 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.

The gas and the electric storage tank water. Most tankless water heaters have a life expectancy of more than 20 years. Tankless water heaters typically last up to 20 years twice as long as a tank style unit. 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.

Stiebel eltron tempra 36 plus 240 volt 36 kw 7 03 gpm tankless electric water heater. Installing a tankless water heater is a greater upfront investment but these units can significantly cut the cost of monthly utilities. Traditional water heaters can take up to 16 square feet of valuable floor space. Enjoy the comfort and convenience of continuous hot water on demand with a rheem tankless water heater.