Tank Vs Tankless Gas Water Heater Cost

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

Tank vs tankless gas water heater cost.

But electricity is also not very uncommon. Advantages storage tank water heater 1. An electric hot water heater ranges in costs from about 300to 700while a gas heater ranges from 400to 800. Installation costs around 45 to 65an hour which adds 90to 200to the total cost.

In general however statistics show that a gas water heat will cost around 30 month for the average home while an electric heater will cost you closer to 42. Along with their longer lifespan tankless water heaters are known to have reduced monthly energy bills helping offset their higher purchase price. They can be output challenged. This means when you are simultaneously taking a shower and doing laundry the tankless water heater may fail to keep up with the hot water demand of both.

However high efficiency tank water heaters can be pricey running up to 1 500 uninstalled. The cost to install a tank water heater ranges from 650 to 1 611 because lower unit prices and less labor will be involved. Tankless heaters typically cost more to install but have similar purchase costs. Traditional storage water tank heaters also known as boilers are the most common water heaters installed for the last.

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. Either a gas burner or an electric element heats the water. For some homeowners with a tank water heater boiler already installed it is far more efficient to install a few tankless water heaters in bathrooms as the family grows in size and the demand for simultaneous hot water increases. Most conventional water heaters cost 300 to 600 less than half the cost of tankless varieties.

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 is also cheaper usually about 300 to 500 bringing the total cost in the range of 600 to 1 100. 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. This makes the final price between 590and 700for the average water heater.

We factored in an installation cost of 1 250 for a gas tankless and slightly less 1 150 for an electric. Tankless water heaters heat water directly without the use of a storage tank.