Tankless Vs Tank Water Heater Price

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

Tankless vs tank water heater price.

If your home needs to be rewired it can easily add 3 000 or more to the cost of installing a tankless water heater. Most conventional water heaters cost 300 to 600 less than half the cost of tankless varieties. The average cost for a tankless water heater installation is 1 985 or between 1 470 2 510. It uses high powered burners to rapidly heat water as it runs through a heat exchanger and deliver it directly to your faucets or shower without storing it in a tank.

We factored in an installation cost of 1 250 for a gas tankless and slightly less 1 150 for an electric. Installation is also cheaper usually about 300 to 500 bringing the total cost in the range of 600 to 1 100. Using a natural gas rate of 10 86 per 1 000 cubic feet we calculated that. However high efficiency tank water heaters can be pricey running up to 1 500 uninstalled.

Tankless water heaters heat water directly without the use of a storage tank. Purchasing a tankless water heater will cost you a bit more than a traditional storage tank water heater but tankless varieties las longer than conventional water heater models which translates to a 20 year useful life as compared to storage tank types which last only 10 to 15 years before self destructing possibly flooding your basement. The doe notes that storage tank water heaters typically last 10 to 15 years while most tankless units have a life expectancy of 20 years or more.