Tankless water heaters cost around 2 3 times more than traditional storage tanks.
Tankless water heater gas installation cost.
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.
The installation costs for electric systems range from 800 to 1 500 while installation for gas units cost between 1 000 and 1 500.
Tankless water heater cost.
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.
With the average tank water heater costing around 400 the labor cost to install would be approximately 250 to 500.
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 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.
Labor cost to install water heater.
Installing a tankless water heater is a greater upfront investment but these units can significantly cut the cost of monthly utilities.
A tankless water heater will cost 1 950 installed.
Electric tankless water heaters also cost less to install than gas units.
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.