Tankless Vs Tank Water Heater Price

And s torage tank water heaters while less expensive up front don t last as long as tankless options.

Tankless vs tank water heater price. Either a gas burner or an electric element heats the water. We factored in an installation cost of 1 250 for a gas tankless and slightly less 1 150 for an electric. Tankless water heaters heat water directly without the use of a storage tank. It uses high powered burners to rapidly heat water as it runs through a heat exchanger and deliver it directly to your faucets or shower without storing it in a tank.

Tankless water heaters cost around 2 3 times more than traditional storage tanks. However high efficiency tank water heaters can be pricey running up to 1 500 uninstalled. The doe notes that storage tank water heaters typically last 10 to 15 years while most tankless units have a life expectancy of 20 years or more. Using a natural gas rate of 10 86 per 1 000 cubic feet we calculated that.

From energy savings to the cost of installation there is more than just size and space to consider when choosing between a tank vs. The average cost for a tankless water heater installation is 1 985 or between 1 470 2 510. Installation is also cheaper usually about 300 to 500 bringing the total cost in the range of 600 to 1 100.