Tankless Vs Tank Water Heater Price

Using a natural gas rate of 10 86 per 1 000 cubic feet we calculated that.

Tankless vs tank water heater price.

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. 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. Most conventional water heaters cost 300 to 600 less than half the cost of tankless varieties.

Tankless water heaters cost around 2 3 times more than traditional storage tanks. Tankless water heaters heat water directly without the use of a storage tank. 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. However high efficiency tank water heaters can be pricey running up to 1 500 uninstalled.

Installation is also cheaper usually about 300 to 500 bringing the total cost in the range of 600 to 1 100. Purchasing a tankless water heater will cost you a bit more than a traditional storage tank water heater but tankless varieties las longer than conventional water heater models which translates to a 20 year useful life as compared to storage tank types which last only 10 to 15 years before self destructing possibly flooding your basement. The average cost for a tankless water heater installation is 1 985 or between 1 470 2 510.