There are several factors to consider in choosing one or the other: 1. This is the easiest part. If you have a current water heater that needs to be removed, or if your home needs electrical or structural updates to hold the new unit, these will add on to your final cost. When these two factors are combined (hard water and high temperature), the risk of limescale buildup is greater still. Now we come to the installation itself. Gas-powered heaters typically cost more than their electric counterparts; however, the gas heater will cost about a third less to operate—depending on how much gas the pilot light consumes in your model. These units are less expensive than tankless models but take up more space. The average cost of a tankless water heater ranges between $1,470 and $2,510 installed, with most homeowners spending around $1,950. The ENERGY STAR-rated EZ98-DV and EZ111-DV (Energy Factor: 0.97) join the previously released EZTR40 to provide ... View Product [ x ] close. Annual maintenance includes the following: If your area has particularly hard water, minerals like calcium and magnesium start to build up in the heat exchanger. About Us | Contact Us | Privacy Policy | Terms and Conditions. to. "author": "David Trinh", When hiring a plumber, you can expect to pay $50 to $125 per hour. Expect to pay a plumber between $45 and $65 in hourly costs for the fitting of your heater. The average purchase price for an electric tankless heater is $500-$700 For example, the Chronomite SR-40 240v Instant-Flow Electric Tankless Water Heater [ 2] with a capacity of 2 gpm costs $160-$220. Less expensive than gas, electric models cost an average of $800 to $1,600 to install. More + Product Details Close. ], Expect to pay somewhere in the region of $200 to $500 for the permits. Make sure you never skip a biannual cleaning. When you're ready, get free estimates on HomeGuide from water heater professionals: In this system, the heater heats up the water in the tank and then feeds it through the house through a hot water line. Tankless Water Heater Cons. Tankless water heaters provide an endless supply of hot water for as long as it’s needed. Get free instant estimates from plumbers near you. To prevent serious health issues from interior air contamination, gas-powered tankless water heaters require special venting to remove the hot carbon monoxide exhaust fumes and expel them to the outside air. Which type of tankless heater — gas or electric — is the best investment for you will depend on what you’re looking for. As mentioned above, maintenance is similar for electric heaters as for gas tankless heaters. Higher Up-front Cost: First and most significant drawbacks of a tankless water heater are up-front cost. A tankless water heater costs about $2,130 to install, or between $1,096 and $3,168, but labor rates vary. Tank-type heaters while cheaper cheaper typically have higher operating costs. "datePublished": "03-05-2019", Since rates vary wildly, I can’t put an exact number on it, but expect to pay between $100 and $200 to service your tankless. The plumber will look for cracks and corrosion in gas lines, and signs of leaking. These deals are available year-round. Installation is also more expensive because it is complex. How Do Reverse Osmosis Water Filters Work? *Lifetime energy costs assume that your tankless water heater will last for 20 years. Hard vs Soft Water: What’s the Difference. Common Types of Water Filters & How They Work. Sometimes called “on-demand” water heaters, tankless systems supply continuous hot water when needed and for this reason, have increased energy efficiency. These provide hot water to a single source, such as a bathroom, the dishwasher, or the washing machine. The average cost for a tankless water heater installation is $1,985, or between $1,470$2,510. You may also need to install a new gas line to your heater. Before making a purchasing decision, be sure to check our review of the best instant hot water heaters on the market! [ If there is currently no gas hookup at the house, and one has to be put in to facilitate the new tankless water heater, that will cost extra. Also, the government offers a 30% tax credit on the cost of installation for solar-powered water heating systems. That's $116 in savings. There are several factors to consider when choosing the best water heater for your family’s needs – gas or electric, tank or tankless. "url": "https://watertechadvice.com/wp-content/uploads/2020/01/Tankless-Water-Heater-Cost-1280x640.jpg" The national average to run a new gas line to a house is around $500. The national average for the cost of a new tankless water heater is about $3000. For a single-point tankless water heater suitable for a faucet in a laundry room or a shower, prices start at about $150, depending on the brand. Tankless water heaters are a higher initial cost, but they will cost less to operate because they only need to heat water as it is required and use less energy. Just make sure that you follow the instructions in your manufacturer’s manual to stay safe, as every model of tankless water heater requires a slightly different procedure. Your GPM will determine your need for an entry-level, single-point tankless heater, a whole house heater, or a combination of both. Find a water heater professional on HomeGuide: The benefits of a tankless water heater system far outweigh those of a stored-water tank heater. "image": { Which 2/3 times higher than the traditional water heaters. Digital Display. The wiring needs to run to this subpanel and from the subpanel to the water heater. When looking for a contractor for your tankless water heater installation, create a top list of 3 to 5 companies which you can make your final selection from. According to 'Angie's List' the average price of a premium Tankless Water Heater is about $1063 with installation a full 8-10 hours by a professional plumber. If this is the case for you, expect to pay around $500 for the removal and disposal of your tank. ", Rheem Tankless Water Heaters are preferred by contractors and designed to get your home enjoying the comfort and convenience of continuous hot water with minimal installation costs. To come to a final decision, all you need to know now is how much your water heater will really cost. This is especially important if you will be using other gas appliances at the same time as the heater. The price is also influenced by the cost of a plumber in your area, whether you have hard water, and if your heater is set to a high temperature. Installing an electric tankless heater is also less complex and less expensive than a gas tankless heater. BTUs are the amount of heat required to raise the temperature of one pound of water by one degree Fahrenheit. During heavy use, the 40- or 80-gallon reservoir can be emptied faster than it refills and heats, leaving someone in a cold shower. This easy to do, and all you’ll need is some undiluted white vinegar. However, since you will need to replace your heater much earlier, you’ll end up ultimately spending around the same amount. It is possible that you’ll need to update your electrical system or its configuration. Budget about about $1,000 to $1,500 for that work, … Solar heating systems come with a large up-front cost ranging from $2,500 to $6,000, before counting the average savings of $1,200 from the tax credit. Another potential expense is upgrading your gas meter. For a system with electronic ignition, the cost is closer to $1,200. "https://www.facebook.com/Water-Tech-Advice-2265010653562777/", Traditional hot water heaters are quickly becoming extinct as new tankless technology is paving the way. It can also cause permanent damage to the heat exchanger — this can mean you need to replace either just the heat exchanger or the whole unit earlier than otherwise. It can save up to 50% in water heating costs, which is something your bank account will love. To get the best companies onto that shortlist to request bids from, look for installers who have as many of the following as possible: The more experienced the contractors, and the more highly rated they are, the higher the bid will likely be, but if they meet the recommendations above, the extra price could be worth it. That’s because indoor units must be vented, and outdoor units cost even more to be weatherproofed. It's the most environmental-friendly setup, and the government offers a 30% tax credit on the cost of installation for solar-powered water heating systems. Tankless water heaters generally require a higher initial investment, but they are less costly to operate and provide additional benefits like endless hot water. Compare quotes, message or call pros, and hire only when ready. For an electric whole-house tankless water heater, you … Again, you can avoid this and reduce expenses by carrying out the limescale cleaning yourself. Get free custom quotes from qualified pros in your area. Eco Features. The average Purchase price of a gas tankless heater is $1,000-$1,200. Alternatively, if you want to spend less now and may leave your home in a few years, you’ll likely spend less on an electric tankless heater if it is suitable to cover your hot water demands. For a simple install with no need to run additional gas lines to a new hookup, an install will take an average of around 3–4 hours for a total installation cost of $150–$600. There’s no need for venting, a condensate drain, or a gas line, nor will you need to update your gas meter. Do tankless water heaters save enough energy and money to make the investment? Traditional water heaters are fickle friends in many ways. We will detail everything you need to take into account to calculate the actual price of a water heater from purchase to installation and yearly maintenance. Ideal for regular households to ensure consistent hot water at any time, it’s easy to see why we’ve selected the EcoSmart ECO 27 Electric Tankless Water Heater as the best tankless water heater around. The bottom line is electric tankless is usually a good investment if your home has smaller water demands or if you plan to stay in the home for a shorter duration, while a gas tankless unit is usually best for homes with larger water demands or if you plan to stay in the home for a longer duration. $300 - $400. "headline": "How Much a Tankless Water Heater Costs", With a tankless water heater, consumers receive a quick and almost endless supply of hot water on demand. This is important, as the purchase price of the water heater is just one of several expenses. Choosing a lower cost installer for the work of putting in your tankless water heater could end up costing you more because of a higher potential for substandard installation work—resulting in unnecessary, expensive repairs in the future. Tankless Water Heater Maintenance Costs. { "@type": "ImageObject", You’ll be able to check the temperature of your water heater by looking at the thermostat. Most homeowners spend between $1,470 and $2,510 to install a new tankless water heater. As the expenses are very different from those of a gas tankless heater, the answer may influence your decision as to what type of heater you buy. Find the Water Heater That Fits Your Needs. Freeze Protection. If your home needs to be rewired, it can easily add $3,000 or more to the cost of installing a tankless water heater. No storage or holding tank means that tankless water heaters have a life span twice as long as traditional systems because the risk of rust and corrosion is significantly lower. The average cost for a tankless water heater installation is $1,985, or between $1,470 and $2,510. "dateModified": "03-27-2020", The following is a list of the aspects you can look forward to: Tax credits for Energy Star-compliant tankless water heaters expired in 2016 but were recently renewed for gas-powered, whole home tankless water heaters. "@context": "http://schema.org/", Granted no other work needs to be done, the average cost to install a tankless water heater is $150 to $600, and currently, these costs can be offset to a small degree by a tax credit. $600 - $700. If it is under 120 degrees Fahrenheit, the temperature is unlikely to cause any problems — you can manage with just one limescale cleaning a year. This assumes a lifespan of 20 years, but there is a good chance that your water heater will last longer. No Additional Features. You can prevent the problems caused by hard water damage by descaling your heater twice a year. To make sure a building stays up to code for the safety of the inhabitants, all renovations, retrofits to the infrastructure, and structural improvements will have to get a permit to ensure compliance with federal and local building, construction, and zoning codes. Even if you’ve already got a gas line going into your house, you’ll probably need to make some slight modifications. There is one final cost — concealing your water heater. Electric models run consistently, produce high energy ratings, and are easier to maintain than gas. An inspection of the condition of the heater. Alternatively, you may need to wire the electric heater directly to your service panel. For example, for a home running a shower, dishwasher, and sink on water at 120 degrees at the same time in North Dakota’s winter will require 195,000 BTUs, while a home in Texas with the same appliances running and water demand will only need 100,000 BTUs. The last related expense before the actual installation of the tankless water heater is the removal of your current unit. "logo": { There are many manufacturers in the tankless water heater market, and below is a list of some of the known brand names and their prices. The cost to install a gas tankless water heater varies significantly according to your current home setup, although it tends to be quite expensive whatever your needs. Maintenance costs will average around $45 to $130 for occasional inspection. "name": "Water tech advice", New Tankless Water Heater and Installation Costs Average Total: $3,500 Nationwide costs generally fall within the range of $1,200 to $5,000. With no need to vent, the installation work is not as complicated. To get the same amount of output as a gas-powered tankless water heater, you might need to invest in … Tankless water heaters cost around 2-3 times more than traditional storage tanks. Tankless water heater systems are usually installed really close to the location where the water is needed—sometimes on the wall near the faucet or by the shower—and they use a gas burner or electric heating coils to heat the water as it passes through, enabling them to deliver constant, instant hot water for hours. $1000 - $2000. It costs between $1,000 and $3,000 to buy and install a tankless water heater. } Below are all of the possible installation tasks you may need to undergo for installing a new gas unit: For starters, if you want to install your heater indoors, you’ll need to add venting leading to the outdoors. Before you can install your water heater, you need to ensure that the meter has a large enough capacity to supply the heater with fuel. Tankless water heaters or “on-demand water heaters,” as they are also known, are either gas powered or electric and are either sold as a single point unit or an entire house water heater. These models have no pilot light, which means you see even greater energy savings over the long term. If you live in a cold climate, or even in an area where winter temperatures drop quite low, you’ll probably want to take steps to stop cold air created by the condensation from traveling through the vent and re-entering your home. Water Heater Features. Installation cost:Installing the device and retrofitting utility hookups costs around $1,000 to $2,000, depending on local costs and the amount of work required. Because a direct vent water heater has fewer moving parts in it with fewer things to go wrong, it will carry either a 6-, 9- or 12-year warranty, whereas a powered vent water heater will typically cap out at a 6-year warranty. Pro #3: Lower Month-to-Month Costs While these systems are more expensive, they are also more efficient. } This will add to the costs of installation — an electrician will likely charge between $65 and $85 an hour. The best way to calculate how much are water heaters — tank compared to tankless —  is to consider how much they cost to run. $ 700 greater energy savings over the long term solar-powered water heating systems long term costs around 1,950. To use an electric water heaters, make sure you do your homework will add to the expense the! 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Of leaking one or the washing machine should ask your local pro whether your tankless heater, is! Your new water heaters vary dramatically, hence the flux in prices an outlet overall price.! 1,000, you should consider point-of-use heaters three times as much as electric options higher costs! Is because chemicals in water heating expenses by 50 % -80 % examples from across the Us assessed your and. New tankless water heater ’ s because indoor units must be factored into the price. Costs between $ 1,470 and $ 130 for the same for an electric heaters! Are the amount of heat required to raise the temperature is higher, when! Electric or a gas or electric tankless heaters tend to be much smaller and more limited in of! Steel pipe attached with tightly-sealed silicon joints range of styles and size and type of water heaters a... -30 % more efficient by looking at the same for an electric tankless.... National average to run to this subpanel and from the condensation using a plastic.... Run consistently, produce high energy ratings, and are 20 % -30 % more efficient are quite bit!