Tankless Vs Tank Water Heater Cost

You can also save up to 40 on your energy costs for water heating using this modern style unit.

Tankless vs tank water heater cost. In this post. This makes the final price between 590and 700for the average water heater. The price to purchase a tankless water heater can range anywhere from 200 1800 depending on the type of unit you choose to buy. Installation is also cheaper usually about 300 to 500 bringing the total cost in the range of 600 to 1 100.

When you realize that heating water makes up about 20 of your home s energy usage that s a nice savings. We paid 570 electric and 600 gas for the two 50 gallon rheem tank water heaters we tested but we have seen tank water. However high efficiency tank water heaters can be pricey running up to 1 500 uninstalled. Tankless heaters typically cost more to install but have similar purchase costs.

Larger units with a higher gallons per minute rating will cost more so. Tankless water heater cost. 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. They can be output challenged.

Tank style water heaters are less expensive than tankless. The cost of a tankless water heater can range anywhere from 2 000 4 500 compared to a storage tank water heater which ranges from about 500 800. According to home depot it costs between 2 044 to 5 898 with the average being 2 979 to have a tankless water heater installed accounting for the heater installation materials any. Installation costs around 45 to 65an hour which adds 90to 200to the total cost.

In fact tankless water heaters last about twice as long as conventional water heaters with a tank. So when it comes to tankless water heaters vs tank water heaters which one is best for you.