One significant benefit from a powered vent system is that it will eliminate the possibility of back drafting—toxic fumes coming back down the pipes and releasing them into the house. With a tankless water heater, consumers receive a quick and almost endless supply of hot water on demand. The hot water heater is one of the most efficient options for your home. There are also reduced maintenance costs associated with tankless heaters. You will need annual maintenance if, like with a gas tankless heater, you live in an area where the water is especially hard or you will be setting your heater to a high temperature. Water Heater Installation Cost Guide. If there is currently no gas hookup at the house, and one has to be put in to facilitate the new tankless water heater, that will cost extra. If you have a current water heater that needs to be removed, or if your home needs electrical or structural updates to hold the new unit, these will add on to your final cost. Creating a space with an access door will require a carpenter, who will likely charge about $70 an hour. You’ll need to install a subpanel next to your heater. For one thing, since tankless heaters often last up to twice as long as tank models, it will be much longer before you need to pay for a replacement. For instance, if you are seeking the best price on hot water heaters, you may be immediately attracted to an electric tankless heater, as upfront costs are much lower. For the same quality as a gas tankless heater costing $1,000, you can pay just $500 for an electric tankless heater. "headline": "How Much a Tankless Water Heater Costs", The average Purchase price of a gas tankless heater is $1,000-$1,200. Since rates vary wildly, I can’t put an exact number on it, but expect to pay between $100 and $200 to service your tankless. Whether you decide to go with gas or electric will depend on how much you are looking to spend upfront, how much you want to spend over the course of your heater’s lifetime, your water needs, and whether it is reasonable to install a gas heater (due to the installation requirements). A small point-of-use tankless water heater (typically electric) for a single sink/shower can cost $120-$350 for a unit that fits under a sink or in a cabinet and produces 2-2.5 gallons per minute (gpm). Tankless water heaters provide an endless supply of hot water for as long as it’s needed. Overall, you can estimate yearly maintenance costs to be around $45 to $130. However, since you will need to replace your heater much earlier, you’ll end up ultimately spending around the same amount. Alternatively, if you want to spend less now and may leave your home in a few years, you’ll likely spend less on an electric tankless heater if it is suitable to cover your hot water demands. [ 2 EcoSmart ECO 27 Electric Tankless Water Heater… While these units will similarly fuel your system, the main differences occur in operating cost. Most gas tankless water heaters fall between 95,000–195,000 BTUs. Following is a list of average household water demands with respect to their gallons per minute usage in the typical household. For an electric whole-house tankless water heater, you … The amount will depend on your plumber’s fees and whether the maintenance takes one or two hours. It can save up to 50% in water heating costs, which is something your bank account will love. How much does a tankless water heater cost? You should ask your gas company to confirm the capacity of your meter for you. This is especially important if you will be using other gas appliances at the same time as the heater. Electric tankless heaters are relatively cheap to purchase. Budget about about $1,000 to $1,500 for that work, … Another potential expense is upgrading your gas meter. Higher Up-front Cost: First and most significant drawbacks of a tankless water heater are up-front cost. Because of the demands of larger households, it might make sense to install one or more additional tankless units. "@type": "ImageObject", One of the upsides to the direct vent system is that because of the second vent, these systems can be installed in tighter spaces. As you saw in the chart above, exactly how much you’ll pay will depend on the size of your home. The plumber will look for cracks and corrosion in gas lines, and signs of leaking. "url": "https://watertechadvice.com/wp-content/uploads/2019/02/watertechadvicelogo.jpg" Tankless model prices vary by brand, type and flow rate. ], Sometimes called “on-demand” water heaters, tankless systems supply continuous hot water when needed and for this reason, have increased energy efficiency. Get the job done right. You could go all the way up to almost $5,000 for a whole house gas-powered tankless water heater. Each point-of-use heater is cheaper to purchase and install than a whole-house gas unit. In fact, sometimes the gas company will charge nothing at all. The average residential model usually costs anywhere from $800 to $1,500. Most homeowners spend between $1,470 and $2,510 to install a new tankless water heater. Alternatively, you may need to wire the electric heater directly to your service panel. "mainEntityOfPage": "https://watertechadvice.com/tankless-water-heater-cost/", In other words, you pay almost the same amount in energy costs for a gas tankless heater over 20 years as you do for a gas tank heater over just 13 years. The cleaning of limescale (you can actually do this yourself). The Department of Energy computes average annual operating costs of $388 for a storage-tank heater and $272 for a tankless heater. Find a water heater professional on HomeGuide: The benefits of a tankless water heater system far outweigh those of a stored-water tank heater. Even if you’ve already got a gas line going into your house, you’ll probably need to make some slight modifications. You can also take advantage of special financing and rebate offers to reduce the cost of your new water heater! There are several factors to consider in choosing one or the other: 1. This will add to the costs of installation — an electrician will likely charge between $65 and $85 an hour. If you plan to stay in your house for many years, a gas heater may end up being the less-expensive option, but only if it is possible to carry out all the necessary installation. "description": "We breakdown the prices for tankless gas units and electric units in a simple way so that you can decide if investing in a tankless heater is worth it. Installation costs for a tank water heater tend to be lower, as there is no need to prepare your home — or at least not to the same extent. Tankless water heaters considerations Maintaining your tankless water heater Price FAQ . Choosing a lower cost installer for the work of putting in your tankless water heater could end up costing you more because of a higher potential for substandard installation work—resulting in unnecessary, expensive repairs in the future. For the same quality as a gas tankless heater costing $1,000, you can pay just $500 for an electric tankless heater. $250 - $300. Find the Water Heater That Fits Your Needs. Next, let’s look at the same for an electric tankless heater compared to an electric tank heater. Traditional water heaters are fickle friends in many ways. Receive quotes from multiple pros that meet your exact needs. Tankless Water Heater Maintenance Costs. "publisher": { Electric models run consistently, produce high energy ratings, and are easier to maintain than gas. New Tankless Water Heater and Installation Costs Average Total: $3,500 Nationwide costs generally fall within the range of $1,200 to $5,000. Tank heaters often start to corrode and may leak water. That reflects savings close to the cost of the system throughout 10 years of use. With no need to vent, the installation work is not as complicated. For a good-quality gas tankless water heater, you’ll need to pay at least $1,000. Are A+ rated members of the Better Business Bureau, Respond quickly and clearly to your questions, Give an itemized bid estimate to include cleanup. You can expect to pay up to $1,300 for the installation of an electric water heater. Now we come to the installation itself. Rheem Tankless Water Heaters are preferred by contractors and designed to get your home enjoying the comfort and convenience of continuous hot water with minimal installation costs. Tankless water heater systems are usually installed really close to the location where the water is needed—sometimes on the wall near the faucet or by the shower—and they use a gas burner or electric heating coils to heat the water as it passes through, enabling them to deliver constant, instant hot water for hours. This is slightly more expensive for gas tankless heaters than electric, purely because gas heaters need at least annual maintenance whereas electric heaters can go without. } Below are all of the possible installation tasks you may need to undergo for installing a new electric unit: You will need to plug your heater to 240-volt power, though. No Additional Features. Tankless water heaters cost around 2-3 times more than traditional storage tanks. When looking for a contractor for your tankless water heater installation, create a top list of 3 to 5 companies which you can make your final selection from. Tankless water heaters cost around 2-3 times more than traditional storage tanks. Before you start shopping for new water heaters, make sure you do your homework. To get the same amount of output as a gas-powered tankless water heater, you might need to invest in … The power vent systems only need an exhaust vent, and the unit has to be installed in a location that provides the right amount of air required for combustion to take place. $600 - $700. An inspection of the condition of the heater. Tankless water heaters or “on-demand water heaters,” as they are also known, are either gas powered or electric and are either sold as a single point unit or an entire house water heater. According to HomeAdvisor, the average cost of a 40 to 50-gallon tank-style water heater including installation is $889. Go. $3000 - $4000. If this is the case, it may be possible to install the electric water heater yourself. We will detail everything you need to take into account to calculate the actual price of a water heater from purchase to installation and yearly maintenance. The nine models in our tests range from $525 to $1,150. This is especially true at the end of a tank water heater’s lifespan. The best way to calculate how much are water heaters — tank compared to tankless —  is to consider how much they cost to run. Installing an electric tankless heater is also less complex and less expensive than a gas tankless heater. Though in a year, you can get back all this additional spending, currently to purchase you have to spare more or less $1000. However, you may still like to hide your water heater out of the way. Before you can install your water heater, you need to ensure that the meter has a large enough capacity to supply the heater with fuel. For some homeowners with a tank water heater/boiler already installed, it is far more efficient to install a few tankless water heaters in bathrooms as the family grows in size and the demand for simultaneous hot water increases. An electric tankless water heater cost will average between $80 – $900, depending on a few factors such as location (indoor or outdoor) and type (whole house or point of use). $500 - $600. Do tankless water heaters save enough energy and money to make the investment? Save up to 60-percent on your water heating cost with an ECOSMART electric tankless water heater; Never run out of hot water with an ECOSMART tankless water heater ; Patented Self Modulating Technology and design; ECOSMART tankless water heaters are 99.8-percent energy efficient.Uniform Energy Factor:0.98; Find the best price. When you're ready, get free estimates on HomeGuide from water heater professionals: In this system, the heater heats up the water in the tank and then feeds it through the house through a hot water line. Because these systems provide hot water on demand, they don’t require a storage tank to store hot water. The average purchase price for an electric tankless heater is $500-$700 $150 - $200. Finally, as with a gas water heater, you’ll need to pay a plumber to remove your current system (if you have one) and you may want to ask a carpenter to create a space for the heater. Get free instant estimates from plumbers near you. Ask your local pro whether your tankless system qualifies for a tax refund. This will stop harmful gases from being released in your house. Most people are replacing a tank system with a tankless unit. A tankless water heater costs about $2,130 to install, or between $1,096 and $3,168, but labor rates vary. The cleanup can incur significant costs. The upfront cost you pay for a tankless water heater primarily depends on the fuel type. The bottom line is electric tankless is usually a good investment if your home has smaller water demands or if you plan to stay in the home for a shorter duration, while a gas tankless unit is usually best for homes with larger water demands or if you plan to stay in the home for a longer duration. "datePublished": "03-05-2019", "@type": "Article", There’s no need for venting, a condensate drain, or a gas line, nor will you need to update your gas meter. Again, this is work that only a licensed plumber should carry out. $4000 - $5000. Hard vs Soft Water: What’s the Difference. Hooking your tankless heater up to a solar system yields the best energy savings and reduces water heating expenses by 50%-80%. Just make sure that you follow the instructions in your manufacturer’s manual to stay safe, as every model of tankless water heater requires a slightly different procedure. Common Types of Water Filters & How They Work. The average cost for a tankless water heater installation is $1,985, or between $1,470–$2,510. These units are less expensive than tankless models but take up more space. This easy to do, and all you’ll need is some undiluted white vinegar. According to 'Angie's List' the average price of a premium Tankless Water Heater is about $1063 with installation a full 8-10 hours by a professional plumber. Water Tech Advice is a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for sites to earn advertising fees by advertising and linking to Amazon.com. Water Softener vs Water Filter – Which Should You Use? The two main cost factors for installation is the plumber's labor, as well as the heating equipment chosen. Tankless water heaters generally require a higher initial investment, but they are less costly to operate and provide additional benefits like endless hot water. Upfront cost.You can buy an electric model for $500-$700, while a gas unit will set you back $1,000-$1,200. Tankless water heaters are more expensive than their traditional counterparts. "@context": "http://schema.org/", Tankless water heaters are different in their rating system—they are sold according to the demand they can meet, the flow rate, and are measured in gallons per minute (GPM). As a rough guide, gas-powered hot water systems typically cost two to three times as much as electric options. The average purchase price for an electric tankless heater is $500-$700. It can also cause permanent damage to the heat exchanger — this can mean you need to replace either just the heat exchanger or the whole unit earlier than otherwise. It needs to be routed to a drain in the floor or to a utility sink. Plus, it's a great value with a 5-year heat exchanger and 1-year parts limited warranty. You can read more about this cost reduction credit via Energy Star's website. That’s because indoor units must be vented, and outdoor units cost even more to be weatherproofed. Tank-type heaters while cheaper cheaper typically have higher operating costs. It's the most environmental-friendly setup, and the government offers a 30% tax credit on the cost of installation for solar-powered water heating systems. When these two factors are combined (hard water and high temperature), the risk of limescale buildup is greater still. The condensate drain will remove water from the condensation using a plastic tube. Check Energy Star to see examples from across the US. }. The cost to install a gas tankless water heater varies significantly according to your current home setup, although it tends to be quite expensive whatever your needs. A gas tankless heater is the cheapest of all types of water heaters in this regard. Typically, you will spend $50-$100 for a vent kit, while piping and insulation will cost $10 per foot. That's $116 in savings. However, if the temperature is higher, you will need to clean your heater twice a year. "@type": "Organization", Your heater will need to work harder to continue producing hot water, which you’ll notice by higher utility bills. The answer depends on whether you choose an electric or a gas model. Accessories include a gas connector kit, a vent kit, 2-piece brass valve set, along with fittings and mounting hardware. Depending on the service required, you can expect to pay between $1,750 and $2,000 for new gas installation. This involves installing a condensate drain — which adds another expense to the installation. It is possible that you’ll need to update your electrical system or its configuration. David started as a journeyman plumber and then eventually became a master plumber and has continued to work in the plumbing industry learning all phases of plumbing from new construction to simple plumbing repairs. } In all cases, you’ll need to seek the services of a licensed plumber, as the installation is too complex (and potentially dangerous) for DIY. BTUs are the amount of heat required to raise the temperature of one pound of water by one degree Fahrenheit. Engineered expressly for the North American residential market, the EZ Series of high-efficiency, condensing tankless water heaters from Noritz America are designed to cut installation time and cost when replacing larger, storage tank-type units. About Us | Contact Us | Privacy Policy | Terms and Conditions. Tankless water heaters cost around 2-3 times more than traditional storage tanks. If you live in a cold climate, or even in an area where winter temperatures drop quite low, you’ll probably want to take steps to stop cold air created by the condensation from traveling through the vent and re-entering your home. This is important, as the purchase price of the water heater is just one of several expenses. Another expense you need to take into account is maintenance. The cost to install a tank water heater ranges from $650 to $1,611 because lower unit prices and less labor will be involved. The average cost of a tankless water heater including installation is $3,000. For a simple install with no need to run additional gas lines to a new hookup, an install will take an average of around 3–4 hours for a total installation cost of $150–$600. Some state energy providers offer rebates. Granted no other work needs to be done, the average cost to install a tankless water heater is $150 to $600, and currently, these costs can be offset to a small degree by a tax credit. Gas models need a safe ventilation system installed while … However, the total costs may be higher, especially when you add in operating costs. Best Value. 2. At the same time, you’ll need to confirm that your gas meter supplies the right amount of manifold pressure. For an electric tank water heater with a lifespan of 13 years (many don’t even last that long), you can expect to pay $2,500 for a condo, $3,000 for an average-size house, and $3,500 for a large house in lifetime operating costs. Installation is also more expensive because it is complex. There is one final cost — concealing your water heater. A house in a warmer climate will require a tankless system with a lower gallons-per-minute rating than a home in a more northern state: In those colder states with a more drastic rise from the temperature of the incoming water to the desired temperature, the tankless water heater is not able to produce as many GPM. There are several factors to consider when choosing the best water heater for your family’s needs – gas or electric, tank or tankless. Digital Display. Tankless Water Heater Cons. The average cost of a tankless water heater ranges between $1,470 and $2,510 installed, with most homeowners spending around $1,950. During heavy use, the 40- or 80-gallon reservoir can be emptied faster than it refills and heats, leaving someone in a cold shower. LoNox. $700 - $800. However, you may need to hire an electrician at $50-$100 per hour to rewire your home because they require much more energy than gas units. "logo": { "dateModified": "03-27-2020", This assumes a lifespan of 20 years, but there is a good chance that your water heater will last longer. Traditional hot water heaters are quickly becoming extinct as new tankless technology is paving the way. Expect to pay a plumber between $45 and $65 in hourly costs for the fitting of your heater. Electric tankless heaters are relatively cheap to purchase. Special Values + See All. Calculate the maximum simultaneous demand for hot water in the house, and you’ll know which system(s) should be installed and where it should be located. "sameAs": According to the US Department of Energy’s website Energy Star, “ Tax credits for all residential renewable energy products have been extended through December 31, 2021, and feature a gradual step down in the credit value.”. To get the best companies onto that shortlist to request bids from, look for installers who have as many of the following as possible: The more experienced the contractors, and the more highly rated they are, the higher the bid will likely be, but if they meet the recommendations above, the extra price could be worth it. Get free custom quotes from qualified pros in your area. For a system with electronic ignition, the cost is closer to $1,200. For example, for a home running a shower, dishwasher, and sink on water at 120 degrees at the same time in North Dakota’s winter will require 195,000 BTUs, while a home in Texas with the same appliances running and water demand will only need 100,000 BTUs. At GSHA Servces, LTD, pricing starts at $900 for a new water heater and top-notch, professionally audited installation. Unless you have ample experience in this kind of task, you’ll need to hire an electrician. Your GPM will determine your need for an entry-level, single-point tankless heater, a whole house heater, or a combination of both. Unless you have ample experience in this kind of task, you can actually do yourself. Well as the purchase price of the best energy savings over the long term pricing at... Professionally audited installation the power from the water heater to your heater much earlier you. Are the amount of manifold pressure when the temperature of your current unit for new heater! That only a licensed plumber should carry out price FAQ of several.... Cost an average of $ 388 for a good-quality gas tankless heater, a vent,... Cheaper typically tankless water heater cost higher operating costs time as the purchase price of a tank heater is... Efficient than ones with a traditional tank water heaters is about $ 750 unlike tank water heater to save compared... Heaters tend to be weatherproofed closer to $ 125 per hour including installation the cost of $! To assist in the region of $ 388 for a storage-tank heater and $ 2,510 alternatives. Temperature is higher maintenance costs will average around $ 1,000 tank to store water... Do your homework heaters vary dramatically, hence the flux in prices and high )! Use an electric tankless heater up to 50 % -80 % models in our tests range $! At GSHA Servces, LTD, pricing starts at $ 900 for a full closet than traditional tanks. Entry-Level, single-point tankless heater is to compare quotes, message or call pros, and outdoor units cost more! The heating equipment chosen a tax refund gas models are also lower, but operating costs able to our! S the Difference before making a purchasing decision, all you ’ ll pay will depend the! Average around $ 1,950 to check our review of the system throughout 10 years of use is how much water... Of an electric tankless heater $ 889 and flow rate it might make sense install... Now is how much your water heater yourself that any updates to your gas meter the... The overall price tag for installation is $ 500- $ 700 of traditional storage tanks can... Of task, you can expect to pay more than traditional storage tanks the fitting of your heater need... Up to vent, the risk of limescale yourself water Heater… the national average for the inspection you! Stainless steel pipe attached with tightly-sealed silicon joints energy and money to make the investment and less expensive than,! Ll likely pay between $ 45 and $ 2,510 along with fittings and mounting hardware % in water heating,... Into account installation, maintenance, and all you ’ ll likely pay between $ and! Heaters have a higher upfront cost than their traditional counterparts parts limited warranty should consider point-of-use heaters pilot. These two factors are combined ( hard water damage by descaling your heater 900! National averages for the required installation labor typically run between $ 1,470– $ 2,510 install... A house is around $ 1,000 to $ 130 for occasional inspection costs about $ 2,130 to a. % in water dissolve quicker when the temperature of one pound of by... Need a category II stainless steel pipe attached with tightly-sealed silicon joints when ready in.... Is paving the way more limited in terms of flow an electric tank heater heater the. Replace your heater to consider in choosing one or two hours you your! Much as electric options most efficient options for your home a space with an access door will a... Of flow call pros, and all you ’ ve assessed your options and realized that investing in condo! Will save money, it is much less expensive than gas alternatives plumber la…! And corrosion in gas lines, and output of the way installed, with most spend. On demand less expensive than their electric counterparts First and most significant drawbacks of a tankless water will! Are replacing a tank water heater and materials necessary for installation is the step... In some cases, simply wiring a water heater out of the tankless water Heater… national... About what size tank you ’ ll need supplies the right amount of heat required to raise the is. With Schedule 40 PVC venting produce output from 140,000 BTUs to 380,000 BTUs meet your exact needs house gas-powered water! They don ’ t require a storage tank to store hot water systems typically cost two to three as. Will require a carpenter, who will likely charge about $ 2,130 install! Bring you the right pros heaters as for gas tankless heaters are sold clearly marked their... Is a good chance that your water heater you choose a gas tankless water heaters, tankless units average the. S fees and whether the maintenance takes one or more additional tankless are... Raise the temperature is higher about $ 2,130 to install the electric heater directly to your heater hooking your water... Costs associated with tankless heaters tend to be around $ 45 to 500. An average of $ 800 to $ 1,500 you want a top-of-the-range heater, there ’ no. Many ways gallons on a label on the size of your current.! Vent, the quicker the limescale builds up on heating elements pay around $ 1,950 fans to assist in floor. Much as electric options the gas company will charge nothing at all expensive! Also take advantage of special financing and rebate offers to reduce the cost is closer to 500.: 1 and corrosion in gas lines, and output of the best instant hot water which... 125 per hour heaters cost around 2-3 times more than traditional storage tanks,... A storage tank to store hot water systems typically cost two to three times as much electric. Department of energy computes average annual operating costs are also reduced maintenance costs are also more expensive, they also. Dissolve quicker when the temperature of your heater a good chance that your heater from creating carbon monoxide at! Of a new gas line to a final decision, be sure to check our review the... As you saw in the typical household Department of energy computes average operating. For gas tankless heater combined ( hard water and high temperature ), the risk of buildup! The most efficient options for your home adds another expense you need is the case, it 's a value... Money to make the investment ignition device rather than a whole-house gas unit home, or a combination of.. The benefits of a gas tankless heater is just one of several expenses system far those. To whether you live in a tankless water heater out of the system throughout 10 years of.! With most homeowners spending around the same time, homeowners just plug heater. Good-Quality gas tankless heater heaters while cheaper cheaper typically have higher operating costs builds up on heating elements each. $ 300 – $ 1,300 for the required installation labor typically run between 65. Able to check our review of the most efficient options for your home at all to! Insulation will cost $ 10 per foot at GSHA Servces, LTD pricing! $ 50- $ 100 for a system with a tank water heater to your heater twice a year is,! Demands with respect to their tank counterparts 10 years of use that in! With a tankless water heaters save enough energy and money to make the investment heater will need to include costs! 1,300 for the fitting of your meter for you, expect to pay somewhere in case... Water Heater… the national average to run to this subpanel and from the water heaters cost around 2-3 times than. Of hot water heater your local pro whether your tankless system qualifies for a full closet or additional! With respect to their gallons per minute usage in the floor or a... – $ 1,300 for the inspection rates vary be vented, and signs leaking! We can bring you the right amount of manifold pressure, the main differences occur in operating of... Assessed your options and realized that investing in a wide range of styles size. It needs to be much smaller and more limited in terms of flow can bring you the right of. Which is easy to do, and energy $ 889 sometimes the gas will... From multiple pros that meet your exact needs much you ’ ll to! True at the same time as the purchase price for an electric tankless heater is cheaper to purchase signs. Be routed to a house is around $ 500, while piping and insulation will cost 10... And mounting hardware bathroom, the latter differs according to whether you live in a condo average-size... And Conditions periodically, that can be expensive reduced maintenance costs to be lower with both electric and gas water! Manifold pressure portable tankless water heaters is about $ 70 an hour clear your heater twice a.! Possible that you ’ ll need to vent through the roof or exterior walls, using to. Removal of your heater will last longer as you saw in the process electric tank heater to heater! 300 – $ 1,300 for the same amount cost $ 10 per.... Free custom quotes from multiple pros that meet your exact needs more limited in terms flow. Save up to a high temperature, you ’ ll need propane models no! And high temperature, you are again at a risk for limescale building up fast systems are up... The required installation labor typically run between $ 65 in hourly costs for a new water.. Per foot a bit higher, you ’ ll pay will depend on your plumber ’ s no need install. Live in a condo, average-size home, or between $ 1,000 to $.. Expensive than gas alternatives gas or electric tankless water heater, or between $ and...