Electric Tankless Water Heater Cost

The nine models in our tests range from 525 to 1 150.

Electric tankless water heater cost.

The initial cost of a tankless water heater is greater than that of a conventional storage water heater but tankless water heaters will typically last longer and have lower operating and energy costs which could offset its higher purchase price. Installing a tankless water heater is a greater upfront investment but these units can significantly cut the cost of monthly utilities. Enjoy the comfort and convenience of continuous hot water on demand with a rheem tankless water heater. Tankless water heaters are about the size of a carry on suitcase and can be installed on virtually any wall inside or outside of your home.

Tankless water heaters tend to cost more up front than storage tank models. Traditional water heaters can take up to 16 square feet of valuable floor space. Most tankless water heaters have a life expectancy of more than 20 years. Our whole home gas and electric models are great for homes with busy families homes with luxury bathrooms and vacation homes while our point of use electric models are ideal for a single faucet or shower.

Atmor 900 series 240 volt 13 kw 2 25 gpm point of use tankless electric water heater. The gas and the electric storage tank water. 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. Tankless water heaters cost around 2 3 times more than traditional storage tanks.

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 typically last up to 20 years twice as long as a tank style unit. While a standard water heater wastes 30 percent of. Our whole home models are a perfect match for installations in small spaces and no venting is required.