Tankless Vs Tank Water Heater Price

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.

Tankless vs tank water heater price.

Installation is also cheaper usually about 300 to 500 bringing the total cost in the range of 600 to 1 100. 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. And s torage tank water heaters while less expensive up front don t last as long as tankless options. 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. Tankless water heaters cost around 2 3 times more than traditional storage tanks. Most conventional water heaters cost 300 to 600 less than half the cost of tankless varieties. Using a natural gas rate of 10 86 per 1 000 cubic feet we calculated that.

Either a gas burner or an electric element heats the water. We factored in an installation cost of 1 250 for a gas tankless and slightly less 1 150 for an electric. However high efficiency tank water heaters can be pricey running up to 1 500 uninstalled.