Tankless Vs Tank Water Heater Price

Installation is also cheaper usually about 300 to 500 bringing the total cost in the range of 600 to 1 100.

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. The average cost for a tankless water heater installation is 1 985 or between 1 470 2 510. We factored in an installation cost of 1 250 for a gas tankless and slightly less 1 150 for an electric. Most conventional water heaters cost 300 to 600 less than half the cost of tankless varieties.

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. 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. And s torage tank water heaters while less expensive up front don t last as long as tankless options. Tankless water heaters heat water directly without the use of a storage tank.

From energy savings to the cost of installation there is more than just size and space to consider when choosing between a tank vs. Using a natural gas rate of 10 86 per 1 000 cubic feet we calculated that. Tankless water heaters cost around 2 3 times more than traditional storage tanks.