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.

Tankless water heaters heat water directly without the use of a storage tank. Most conventional water heaters cost 300 to 600 less than half the cost of tankless varieties. 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. Tankless water heaters cost around 2 3 times more than traditional storage tanks.

We factored in an installation cost of 1 250 for a gas tankless and slightly less 1 150 for an electric. 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. If your home needs to be rewired it can easily add 3 000 or more to the cost of installing a tankless water heater.

Either a gas burner or an electric element heats the water. However high efficiency tank water heaters can be pricey running up to 1 500 uninstalled. The average cost for a tankless water heater installation is 1 985 or between 1 470 2 510.