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.
Tankless water heater gas installation cost.
Gas water heaters require venting to prevent the buildup of harmful gases inside the home.
Tankless water heater cost.
Installing a tankless water heater is a greater upfront investment but these units can significantly cut the cost of monthly utilities.
Tankless water heaters cost around 2 3 times more than traditional storage tanks.
The cost to install the actual tankless electric water heater is about the same as a traditional water heater at 90 450 with a gas installation costing about 1 700 including adding the gas line.
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.
Gas tankless water heater prices.
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.
For a tankless water heater at an average of 1 000 for the new unit you can expect labor costs to be between 450 to 1 200.
Labor cost to install water heater.
A tankless water heater will cost 1 950 installed.
With the average tank water heater costing around 400 the labor cost to install would be approximately 250 to 500.