The installation costs for electric systems range from 800 to 1 500 while installation for gas units cost between 1 000 and 1 500.
Tankless gas water heater installation cost.
Installing a tankless water heater is a greater upfront investment but these units can significantly cut the cost of monthly utilities.
The cost to install the actual tankless electric water heater is about the same as a traditional water heater at 90 450 with a gas installation costing about 1 700 including adding the gas line.
Gas tankless water heater prices.
Tankless water heater cost.
Gas water heaters require venting to prevent the buildup of harmful gases inside the home.
A tankless water heater costs about 2 111 to install or between 1 085 and 3 144 but labor rates vary tankless model prices vary by brand type and flow rate.
Tankless water heater cost.
Tankless water heaters cost around 2 3 times more than traditional storage tanks.
A tankless unit uses 30 to 50 percent less energy than a standard water heater saving the average family more than 100 a year on heating costs.
Electric tankless water heaters also cost less to install than gas units.
The best way to budget for a new tankless water heater is to compare quotes from local contractors.