Gas Tankless Hot Water Heater Cost

If your annual savings are 100 it would take 20 years the approximate lifespan of a tankless water heater to recoup the cost in energy savings.

Gas tankless hot water heater cost.

Tankless water heaters pros. The downside is initial cost of the unit which is often higher than other options. Gas and electric tankless water heaters run more efficiently than the conventional water heaters of the same fuel type. 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.

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. While a standard water heater wastes 30 percent of. We rated the annual energy consumption cost excellent for a gas. The primary advantages of gas tankless water heaters are energy savings space savings and continuous hot water.

However this initial investment is often paid back within the life of the unit due to the energy savings. A gas water heater costs at least twice as much as an electric heater. Compact tankless water heaters are small and compact. 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. Tankless water heaters are also fueled by gas or electricity but they do not store water within the unit. The 199 900 btu natural gas tankless water heater is designed to supply continuous hot water for up to 3 bathrooms at the same time. 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.

For a model with electronic ignition to remove the need for a pilot light you ll need to pay closer to 1 200. New tankless water heater and installation costs. Tankless water heater cost. That s the number that tells you how much hot water the heater can.

The average purchase price of a gas tankless heater is 1 000 1 200 gas tankless water heater installation cost. For a high quality unit you can expect to spend a minimum of 1 000. Tankless water heaters of course don t hold much water so the number to look for is the gallons per minute rating gpm.