How much does it cost to put in a tankless hot water heater?

Tankless water heater installation costs $800 to $3,500 on average. Tankless hot water heater prices are $300 to $2,100 for a gas or electric on-demand system, plus $300 to $2,500 for installation labor. Tankless water heaters save $40 to $200 yearly by reducing energy costs by 8% to 34%.

How much does it cost to install a tankless gas water heater?

Meanwhile, information from Energy Sage notes that an electric tankless water heater will likely cost somewhere around $2,500, a figure that includes both the equipment and the installation. For a gas-powered unit, the average price point is going to be closer to $3,500.

Is it worth getting a tankless water heater?

Tankless: Gas and electric tankless water heaters run more efficiently than the conventional water heaters of the same fuel type. We rated the annual energy consumption cost Excellent for a gas model but only Fair for an electric, but both rate Very Good for energy efficiency.

Can you install a tankless water heater yourself?

Installation. While it is possible to install your own tankless water heater, it’s not a job for inexperienced do-it-yourselfers. There are a number of different sizes and styles of tankless water heaters, including propane, natural gas and electric, along with single-room or whole-house sized models.

What is the average lifespan of a tankless water heater?

15 to 20 years
One of the most common questions asked by consumers about tankless water heaters is how long they will last. A tankless water heater can last anywhere from 15 to 20 years with proper maintenance and operation. In comparison, a standard tank water heater normally has a working life of 10 years or less.

Does a tankless water heater add value to your home?

If you are looking to increase the value of your home, adding a tankless water heater to your features is a great place to start. According to a study conducted by Zillow, homes with tankless water heaters sold for 4% more than their expected value. On average, these homes also sold 43 days faster than expected.

What size tankless water heater do I need for a family of 4?

What Size Tankless Water Heater Do I Need For A Family Of 2, 3, 4, 5, Or 6?

Number Of Family Members: Gas Tankless Heater Size (GPM) Electric Tankless Heater Size (kW)
What size tankless water heater do I need for a family of 3? 7-9 GPM 15-23 kW
What size tankless water heater do I need for a family of 4? 8-10 GPM 20-28 kW