Installing a tankless water heater is a greater upfront investment but these units can significantly cut the cost of monthly utilities.
Cost of installing tankless water heater gas.
Actual costs will depend on job size conditions and options.
Gas tankless water heater prices.
Electric tankless water heaters also cost less to install than gas units.
For a basic project in zip code 47474 with 1 heater the cost to install a tankless gas water heater starts at 2 465 2 893 per heater.
A tankless water heater costs about 2 112 to install or between 1 085 and 3 144 but labor rates vary tankless model prices vary by brand type and flow rate.
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 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.
Gas water heaters require venting to prevent the buildup of harmful gases inside the home.
The best way to budget for a new tankless water heater is to compare quotes from local contractors.
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.