How Much Does A Tankless Electric Water Heater Cost

While the gas heater is 250 1 200.

How much does a tankless electric water heater cost.

Traditional water heaters can take up to 16 square feet of valuable floor space. The average cost of a tankless water heater with. With no need to vent the installation work is not as complicated. The 40 50 gallon water heater with a tank is about 350 3 000.

Most water heaters include a label listing the annual. The home depot offers traditional water heater tanks and modern tankless units both powered by either gas or electricity. For an electric whole house tankless water heater you can expect to pay up to 1 000 for the equipment and installation. Electric models run consistently produce high energy ratings and are easier to maintain than gas.

Tankless water heaters typically last up to 20 years twice as long as a tank style unit. Often times special wiring needs to be installed in order to handle the increased load and or a new vent pipe needs to be installed. Depending on your selection the average cost for water heater installation is between 1 000 to 3 000. The cost of water heated by electric is 100 per year more than gas.

A tankless water heater is one way to ensure that you never again experience any unexpected cold showers. But these devices don t come cheap. Electric tankless water heater costs less expensive than gas electric models cost an average of 800 to 1 600 to install. Plus a gas heater costs less initially.

For the same quality as a gas tankless heater costing 1 000 you can pay just 500 for an electric tankless heater. A 50 gallon 5 500 watt water heater with a 90 ef and an electricity rate of 16 per kilowatt hour will cost 781 to operate each year. These units do not store hot water but rather heat it as needed which saves energy. Tankless water heats are more expensive primarily due to higher installation costs.

Cost to purchase an electric water heater electric tankless heaters are relatively cheap to purchase. The average cost of a tankless water heater including installation is 3 000. 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. Most tankless water heaters have a life expectancy of more than 20 years.