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.

Electric tankless water heater cost.

The gas and the electric storage tank water. Traditional water heaters can take up to 16 square feet of valuable floor space. Rheem performance tankless electric water heaters help reduce rheem performance tankless electric water heaters help reduce energy usage save on energy costs and provide the comfort and convenience of continuous hot water on demand. 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. The nine models in our tests range from 525 to 1 150. While a standard water heater wastes 30 percent of. Enjoy the comfort and convenience of continuous hot water on demand with a rheem tankless water heater.

Tankless water heaters tend to cost more up front than storage tank models. Most tankless water heaters have a life expectancy of more than 20 years. Atmor 900 series 240 volt 13 kw 2 25 gpm point of use tankless electric water heater. 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.

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 heater cost. Our whole home models are a perfect match for installations in small spaces and no venting is required. Installing a tankless water heater is a greater upfront investment but these units can significantly cut the cost of monthly utilities.