Tankless Electric Hot Water Heater Cost

Tankless water heater cost.

Tankless electric hot water heater cost.

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. Installing a tankless water heater is a greater upfront investment but these units can significantly cut the cost of monthly utilities. Gas and electric tankless water heaters run more efficiently than the conventional water heaters of the same fuel type. Our whole home models are a perfect match for installations in small spaces and no venting is required.

We rated the annual energy consumption cost excellent for a gas. Whether you re washing the dishes washing your clothes or drawing a hot bath tankless water heater technology will supply endless hot water to your lifestyle demands even if you do them all at once. 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. You can turn any water source into hot water on demand.

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