Tank To Tankless Water Heater Cost

While a standard water heater wastes 30 percent of.

Tank to tankless water heater cost.

Installing a tankless water heater is a greater upfront investment but these units can significantly cut the cost of monthly utilities. Department of energy estimates that in homes using 41 gallons or less of hot water on demand tankless units can conserve between 24 to 34 more energy than tank water heaters. 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. Tankless water heaters cost around 2 3 times more than traditional storage tanks.

How much does a storage tank water heater cost. 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. 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. The nine models in our tests range from 525 to 1 150.

However high efficiency tank water heaters can be pricey running up to 1 500. Most conventional water heaters cost 300 to 600 less than half the cost of tankless varieties. Installation is also cheaper usually about 300 to 500 bringing the total cost in the range of 600 to 1 100.