top of page
Writer's pictureYeung Kay

Cost Guide of Tankless Water Heater Installation in Toronto

Updated: Dec 20, 2023

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. 

 

1 view0 comments

Commentaires


bottom of page