The average cost to install a tankless water heater in the U.S. is approximately $1,900, with most homeowners spending between $1,000 and $3,000. High-end installations can reach about $4,000. The total cost varies depending on factors such as the energy source of the heater and the specific requirements of the installation.
Types of Tankless Water Heaters and Installation Costs:
Electric Tankless Water Heaters: $1,000 - $1,500
Gas Tankless Water Heaters: $1,300 - $1,800
Solar Tankless Water Heaters: $2,000 - $6,000
System Types and Their Costs:
Single-Point Systems: $100 - $200
Whole-House Systems: $1,000 - $3,000
Pros and Cons of Tankless Water Heaters:
Pros:
Environmentally friendly
Potential for lower energy bills
Continuous hot water supply
Compact size
Long lifespan (approximately 20 years)
Cons:
Non-functional during power outages
Higher initial cost compared to tank heaters
Longer installation time
More complex repairs
Additional Considerations:
Energy Source: Gas heaters may require venting and connection to a gas line. Electric models are easier to install but may use more energy.
Environmental Impact: Solar models are the most eco-friendly but have higher initial costs.
Household Size: Large homes or those with higher hot water demands may require whole-house systems or multiple single-point heaters.
Installation Complexity: The complexity of installation, especially for gas and solar models, can affect labor costs.
Maintenance and Longevity:
Regular maintenance can extend the lifespan of the heater and ensure efficient operation.
Tankless water heaters generally have a longer lifespan compared to traditional tank models.
When considering a new water heater, it's important to balance the initial installation costs with potential long-term energy savings. Consulting with a professional installer can provide more specific recommendations based on your household's needs and preferences.
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