Tankless Vs Tank Water Heater Price

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.

Tankless vs tank water heater price.

However high efficiency tank water heaters can be pricey running up to 1 500 uninstalled. Tankless water heaters cost around 2 3 times more than traditional storage tanks. Tankless water heaters heat water directly without the use of a storage tank. If your home needs to be rewired it can easily add 3 000 or more to the cost of installing a tankless water heater.

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. And s torage tank water heaters while less expensive up front don t last as long as tankless options. We factored in an installation cost of 1 250 for a gas tankless and slightly less 1 150 for an electric.

The average cost for a tankless water heater installation is 1 985 or between 1 470 2 510. Either a gas burner or an electric element heats the water. 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.