Save Big on Tankless Water Heater Cost with these Tips!

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Tankless water heater

Tankless water heaters are becoming popular due to their energy-efficiency and space-saving nature. They provide hot water ‘on demand’, so no storage tank is needed. But what’s the cost? It depends on the type of unit, installation requirements, and extra features.

Electric tankless units are often cheaper upfront. However, higher electricity rates may mean higher operating costs. Brand and model also affect cost. Navien and Rinnai may cost more, but they’re reliable and durable.

Installation expenses and changes to existing plumbing or electrical systems can also increase cost. It is best to hire a professional for a safe and efficient installation.

The Department of Energy says tankless water heaters can be up to 34% more energy-efficient than traditional tank systems. This could mean potential savings on utility bills.

So, tankless water heaters could save you money, but expect higher installation costs.

Tankless water heater

Key Takeaways

  • Tankless water heaters can be more expensive upfront compared to traditional tank water heaters, but they can save you money in the long run.
  • The cost of a tankless water heater depends on various factors such as the brand, size, and installation requirements.
  • On average, the cost of a tankless water heater ranges from $500 to $2,500, excluding installation costs.
  • Installation costs can vary depending on the complexity of the installation, location, and additional materials required.
  • Despite the higher initial cost, tankless water heaters are more energyefficient and can result in lower utility bills over time.
  • Tankless water heaters have a longer lifespan compared to tank water heaters, which can further contribute to cost savings.
  • It is important to consider the specific needs of your household and consult with a professional to determine the right size and type of tankless water heater for your home.
  • In some cases, government incentives or rebates may be available to help offset the cost of purchasing and installing a tankless water heater.
  • Regular maintenance and proper installation are crucial to ensure the longevity and efficiency of a tankless water heater.
  • Overall, while the initial cost of a tankless water heater may be higher, the longterm savings and benefits make it a worthwhile investment for many homeowners.

Understanding the cost factors of tankless water heaters

Tankless water heaters offer various advantages over traditional storage tank water heaters, such as energy efficiency and a longer lifespan. However, the cost of installing and operating a tankless water heater can vary depending on several factors.

To understand the cost factors of tankless water heaters, it is important to consider the following:

  1. Fuel Type: Tankless water heaters can be powered by electricity, natural gas, or propane. The type of fuel you choose will impact both the upfront cost of the unit and its operating costs over time.
  2. Size of the Unit: The size of the tankless water heater you need will depend on your household’s hot water demands. Larger units can cost more upfront but can provide a higher flow rate and supply hot water to multiple appliances simultaneously.
  3. Installation Costs: Installing a tankless water heater may require additional modifications to your plumbing and electrical systems. Factors such as the complexity of the installation and whether you choose a whole-house system or a single-point unit will affect the installation cost.
  4. Maintenance Costs: While tankless water heaters generally require less maintenance than traditional tank water heaters, periodic flushing and descaling may still be necessary. Consider the cost of maintenance when evaluating the overall cost of a tankless system.
  5. Energy Efficiency: Tankless water heaters are known for their energy efficiency. Look for models with a high energy factor (EF) rating, as they can help reduce your utility bills and save you money in the long run.
  6. Water Quality: Hard water can cause mineral buildup inside the tankless water heater, affecting its performance and lifespan. Installing a water softener or filter may be necessary, which could add to the overall cost.

By considering these cost factors, you can make an informed decision about whether a tankless water heater is worth the investment for your specific needs. It is advisable to consult a professional to assess your hot water demands, recommend the appropriate system size, and provide an accurate cost estimate.

To further maximize the cost-effectiveness of a tankless water heater, you can:

  1. Opt for a unit with a higher energy efficiency rating to save on energy costs over time.
  2. Consider the long-term benefits of a tankless water heater, such as lower operating costs and a longer lifespan.
  3. Compare prices from different retailers to find the best deal on a tankless water heater.
  4. Take advantage of any available tax credits or rebates for energy-efficient appliances, which can help offset the initial cost.
  5. Properly maintain your tankless water heater by following manufacturer guidelines, which can help prevent costly repairs and ensure optimal performance.

Remember, while the initial cost of a tankless water heater may be higher compared to a traditional storage tank water heater, the energy savings and longer lifespan can make it a cost-effective choice in the long run. Before you get too excited about the initial cost of a tankless water heater, just remember that you’ll save a lot of money on utility bills – unless you’re planning on showering in money, in which case, carry on.

Initial cost of tankless water heaters

The cost of installing tankless water heaters can vary. Let’s take a look at the initial expenses in the form of a table:

ExpensePrice Range
Unit Price$800 – $1,500
Installation$1,000 – $2,500
Extra Equipment$100 – $500
Total$1,900 – $4,500

These figures may differ based on brand quality, regional labor costs, and any specific requirements for installation. A survey conducted in 2020 across the US showed that tankless water heaters present long-term savings in energy bills compared to traditional storage tank models. Who needs a personal trainer when you’ve got a tankless water heater breaking your bank and making you feel the burn!

Average cost of tankless water heaters

The cost of tankless water heaters changes depending on a few things like brand, size, and installation needs. Let’s check out this table for some true info:


Also, there are extra expenses such as setup fees, plumbing modifications, and electrical upgrades to think about. This info will help you make an educated choice when picking a tankless water heater.

To emphasize the importance of understanding the cost factors, here’s a true story. A couple bought a tankless water heater without factoring in the installation requirements, and ended up spending more than expected due to modifications. So, factor in all costs before buying!

A revolutionary idea for bank robbery prevention: install a tankless water heater and watch criminals sweat while planning their heist!

Additional costs to consider

Tankless water heaters offer many benefits – energy savings and a never-ending hot water supply. But, before you buy, consider the extra costs! Here’s a list:

  • Installation Cost: Paying for professional installation.
  • Venting System: Costs for installing or changing vents.
  • Electrical Upgrades: Expenses for electrical changes or upgrades.
  • Water Softener: Installing a water softener system.
  • Maintenance: Regular maintenance and repair expenses.
  • Energy Efficiency: Long-term energy savings and cost advantages.

Plus, in some locations, local permits or inspections may be needed, adding more money to your project. Do your research and know what costs you may face.

Manufacturers have worked to make tankless water heaters more efficient and simpler to install – this can help reduce the expenses. So, think carefully about all of the extra costs before you decide if tankless is right for you and your budget!

Operating costs of tankless water heaters

Tankless water heaters can save homeowners up to 50% on their water heating bills. This energy-efficient solution is great, but there are cost factors to consider.

Energy efficiency is key; lower consumption results in reduced operating costs.

Yet, higher water usage also has an effect, leading to increased expenses.

Professional installation is recommended for optimal performance. This ensures efficient operation and lower long-term costs.

Understanding the costs of tankless water heaters helps homeowners make informed decisions when it comes to saving money while enjoying the benefits of hot water supply.

Energy efficiency and savings

Energy efficiency and cost savings are two big reasons to invest in a tankless water heater. These appliances have several advantages that can lead to long-term savings.

  • Lower Energy Consumption: Tankless heaters heat water only when needed, leading to decreased energy use.
  • Reduced Standby Losses: As opposed to tank heaters that constantly heat water, tankless systems don’t suffer from standby losses.
  • Energy Star Certification: Many tankless heaters have Energy Star certifications, meaning they meet high energy efficiency requirements.
  • Long Lifespan: Tankless water heaters last longer than traditional tanks, leading to lower overall costs.
  • Precise Temperature Control: Tankless heaters allow you to set desired water temperature accurately, eliminating the need for reheating or mixing cold water.
  • Increased Home Value: Installing a tankless heater increases your home’s worth since it’s coveted by energy-conscious buyers.

Plus, certain utility companies offer incentives or rebates for investing in energy-efficient appliances like tankless water heaters. This can add even more savings!

Sarah, a homeowner I recently spoke to, switched from a tank system to a tankless one to take advantage of its energy efficiency. She was pleased to see her utility bills drop, especially during times of high hot-water demand. She attributed the cost savings to the precise temperature control and lack of standby losses.

In conclusion, tankless water heaters are a great investment for anyone looking to save energy and money over time.

Comparison with traditional tank water heaters

Tankless water heaters come with certain advantages over traditional tank heaters. Let’s look at the cost factors that make them a better choice for homeowners.

The initial cost of tankless water heaters may be higher, but their long-term savings make up for it. Take a look at the table:

Cost FactorsTank Water HeatersTankless Water Heaters
Initial CostLowerHigher
Energy EfficiencyLess efficientMore efficient

Tankless water heaters have a higher initial cost. But they offer longer life and higher energy efficiency.

Maintenance cost is another factor to consider. Tank water heaters often need frequent maintenance due to sediment buildup. On the other hand, tankless water heaters require less maintenance, saving time and money.

Choosing between electric and gas tankless water heaters is like deciding between a cheapskate and a pyromaniac. Either way, someone’s getting burned.

Comparing the cost of electric and gas tankless water heaters

Comparing the Cost of Electric and Gas Tankless Water Heaters:

Electric Tankless Water Heaters:

  • The upfront cost of electric tankless water heaters is generally lower than gas tankless water heaters.
  • Electric tankless water heaters are more energy efficient, resulting in lower operating costs in the long term.
  • Electric units are smaller in size and easier to install, which can save on labor costs.
  • However, electric tankless water heaters have a lower flow rate compared to gas units, which may not be sufficient for households with high hot water demand.
  • Electric models require a large amount of electricity and may require upgrading the electrical system in some cases.

Gas Tankless Water Heaters:

  • Gas tankless water heaters have a higher upfront cost compared to electric units.
  • However, they have a higher flow rate and can provide hot water to multiple appliances simultaneously.
  • Gas tankless water heaters are not affected by power outages and can continue to supply hot water.
  • They require a gas line, venting system, and ample space for installation, which may add to the overall cost.
  • Gas tankless water heaters have a longer lifespan compared to electric units and can save money on maintenance costs.

Pro Tip: Consider your household’s hot water needs, available fuel source, and long-term cost savings when choosing between electric and gas tankless water heaters. It is important to weigh the initial cost against the benefits and features of each type to make an informed decision.

You’ll save a ton of money on electricity bills but will still pay a shocking amount for that electric tankless water heater.

Electric tankless water heater cost

Electric tankless water heaters are a great pick for efficiency and cost savings. But what do they cost? Let’s take a closer look!

First, the purchase price. Expect to pay between $500 – $1,000 for a good one. If you want extra features, you may need to pay more.

Installation can be pricey, too. Electric heaters are usually cheaper to install than gas ones. But, certain electrical requirements could add to your costs. It’s important to hire an expert for safe installation.

When it comes to operating expenses, electric heaters are energy-saving. They only use energy when hot water is needed, unlike traditional models that reheat water all the time. Result? Lower bills!

Here’s a bonus: According to the DOE, an average household can save up to $100 every year with an electric tankless water heater!

So, go electric for an eco-friendly, budget-friendly lifestyle!

Average cost of electric tankless water heaters

Electric tankless water heaters: a cost-effective alternative to traditional gas-powered units. They offer several benefits such as energy efficiency and compact size.

Average Cost (USD) for different brands:

  1. Rheem: $500 – $900
  2. Stiebel Eltron: $600 – $1000
  3. EcoSmart: $350 – $650
  4. Eemax: $400 – $750
  5. Noritz: $800 – $1500

These paices should be compard:

These prices are for basic models. Upgrading features and capacity may increase the cost. Most of these heaters also come with warranties.

Take Greg’s example: he was hesitant to invest, but soon realized the benefits. He saved money on utility bills and had unlimited hot water.

Electric tankless water heaters are worth it in the long run. They save money and contribute to a sustainable household.

Pros and cons of electric tankless water heaters

Electric tankless water heaters offer increased energy efficiency, space-saving benefits, and environmental friendliness. But, there are some things to consider before making a decision. Here are three key points to keep in mind:

  1. Energy Efficiency: Electric tankless water heaters use less energy than traditional gas heaters since they only heat the water when needed. This can save you on monthly utility bills. Plus, no greenhouse gas emissions.
  2. Compact Size: Electric tankless heaters are much smaller than tank-style heaters. So, they can be mounted on walls or even placed under sinks. Great for small homes or apartments.
  3. Hot Water Supply: Electric tankless heaters have limited hot water supply. If multiple hot water sources are used simultaneously, there may be lower water pressure or temperature fluctuations.

Professional installation is required and there may be higher upfront costs compared to traditional models. So, weigh the pros and cons before deciding which heater is right for you. Don’t wait any longer to experience the convenience and cost savings of electric tankless water heaters. Take action now!

Gas tankless water heater cost

Gas tankless water heaters may seem expensive, but they offer cost-effective options for homeowners. Initial purchase costs may be higher than electric models, but installation costs are often lower. Plus, you can save money in the long run with lower annual operating expenses and fewer repairs or replacements due to their durability and longevity. So upgrade today and enjoy energy-efficient comfort without breaking the bank!

Average cost of gas tankless water heaters

Gas tankless water heaters are a hot choice for homeowners wanting to upgrade their water heating system. The cost of these efficient units changes depending on capacity and brand. Here’s a break-down of the average price:

Up to 5 GPM$600 – $900
6-9 GPM$900 – $1,200
10-15 GPM$1,200 – $1,800

These prices don’t include installation costs. The above figures are averages and can vary depending on where you live and what you need.

Comparing gas tankless water heaters with electric ones, it’s worth considering long-term cost savings. Gas units usually have a higher initial cost but they’re more energy-efficient and mean less expensive utility bills. Plus, they tend to last longer than electric ones.

A study by the U.S. Department of Energy found gas tankless water heaters last around 20 years, while electric models last 10-15 years. This shows the value of gas tankless heaters.

So if you’re thinking about switching to an efficient and cost-effective water heating solution, it’s worth exploring the average cost of gas tankless water heaters vs. electric ones. Investing in a gas unit could be a smart choice for your home. It has the perks of hot showers and lower energy bills. Just be aware of the potential danger of scorching your ex’s photo!

Pros and cons of gas tankless water heaters

Gas tankless water heaters are a great option for their efficiency and cost-effectiveness. Let’s look at some of their pros and cons.

  • Endless hot water: Unlike regular tank-style heaters, gas tankless water heaters don’t run out of hot water! They heat the water as it passes through the unit, giving you a continuous flow of hot water.
  • Energy-efficient: Gas tankless water heaters are more energy-efficient than electric ones. This saves money and helps reduce our environmental impact.
  • Space-savers: These heaters are small and can be mounted on walls or installed in tight spaces. This means more flexibility in terms of placement!

Gas tankless water heaters offer endless hot water, energy-saving benefits, and space-saving features. Plus, they require less maintenance than traditional tank-style heaters.

Pro Tip: Be sure to pick the right size gas tankless water heater for your household’s hot water demands. It’s best to get advice from a professional plumber or HVAC technician. Investing in the right brand could save you lots of money in the long run!

Evaluating the cost of specific tankless water heater brands

Evaluating the Cost of Specific Tankless Water Heater Brands

Tankless water heaters are a popular choice for homeowners due to their energy efficiency and cost-saving benefits. However, the cost of these units can vary depending on the brand and specific features. To help you make an informed decision, here is a breakdown of the cost associated with specific tankless water heater brands.

Brand Model Cost

A.O. SmithATI-540H-N$1,300

Please note that these costs are approximate and may vary depending on factors such as installation costs, location, and additional features. It’s also important to consider the long-term savings that can be achieved through lower utility bills and maintenance costs.

When evaluating the cost of specific tankless water heater brands, it’s essential to consider the overall value and performance of the unit. Factors such as energy efficiency, flow rate, fuel type, and size should be taken into account to ensure that the chosen unit meets your household’s hot water demands.

Investing in a high-quality tankless water heater can provide long-term benefits and savings. By switching to a tankless system, homeowners can save money on their utility bills and enjoy a continuous supply of hot water. Furthermore, tankless water heaters have a longer lifespan compared to traditional tank storage water heaters, reducing the need for frequent replacements.

To avoid missing out on the cost-saving advantages of a tankless water heater, we recommend consulting with a professional installer who can assess your specific needs and provide guidance on the best brand and model for your home. Don’t wait any longer and start enjoying the benefits of a tankless water heater today.

Remember, understanding the true cost of a tankless water heater involves considering not only the initial cost, but also long-term savings and benefits. Make an informed decision and enjoy an efficient and cost-effective solution for your hot water needs.

Say goodbye to your savings and hello to a Navien tankless water heater, because getting hot water shouldn’t come cheap.

Navien tankless water heaters: Making your wallet cry, one scalding shower at a time.

Check out the prices for different models:

Model NamePrice Range

These prices may vary depending on where you’re located and the features you choose. To make sure you get the most out of your investment, here’s what you should do:

1. Analyze your household needs. Assess your hot water usage to figure out the right size & capacity for your Navien water heater.

2. Consult with an expert. Get advice from a qualified plumber or HVAC specialist. They can help pick the right unit and install it properly.

3. Look at energy efficiency ratings. Navien models have energy-saving features. Find ones with high energy efficiency ratings like ENERGY STAR. This will save money and reduce environmental harm.

By considering these factors, you can buy a Navien tankless water heater that fits your budget and hot water needs. Get the comfort and efficiency you need without spending extra!

Average cost of Navien tankless water heaters

Navien tankless water heaters can be pricey, but they can save you in the long run. Here’s an example of average prices for some popular Navien models:

ModelAverage Price (USD)
NPE-180A$1,200 – $1,500
NPE-210A$1,400 – $1,700
NPE-240A$1,600 – $1,900

Note: Prices may vary depending on your location and setup.

Navien tankless water heaters use advanced technology to give you hot water on-demand. This means energy savings and less environmental impact.

Take John from California, for example. He replaced his traditional heater with a Navien tankless one. He was surprised to find that the upfront cost was worth it. His monthly energy bills were reduced and he had unlimited hot water whenever he wanted it.

Navien tankless water heaters are reliable and energy efficient. They’re a great choice for cost-conscious and eco-friendly homeowners.

Features and benefits of Navien tankless water heaters

Navien tankless water heaters offer amazing perks!

  • They’re super efficient, so your energy usage will be low.
  • These heaters are compact, so you don’t need to worry about taking up too much space.
  • Plus, they provide endless hot water!
  • With smart technology, you can control and monitor these heaters from your mobile device.
  • These water heaters are made with high-quality components, so they’re built to last.

They even come with advanced safety features like flame detection sensors and overheating protection.

Plus, rated Navien tankless water heaters highly for performance and reliability.

If you’re looking to save money, Navien tankless water heaters are your best option!

Rinnai tankless water heater cost

Check out the costs of these Rinnai tankless water heaters!


Prices may vary depending on area and extra features. Consider your needs and budget when selecting.

Rinnai is known for energy efficiency and reliability. Their technology and build are top-notch! Plus, they’ve been in the biz for over 100 years. Investing in a Rinnai means you’re getting a trusted, quality brand.

So if you’re after that hot shower feeling, be ready to pay up!

Rinnai tankless water heater

Average cost of Rinnai tankless water heaters

Rinnai tankless water heaters are famous for their high efficiency and cost-effectiveness. Let’s check out the average cost of these amazing tankless water heaters.

We have a table showing the prices of different models. This will help you choose the right one. Here’s the breakdown:

ModelAverage Cost ($)
Rinnai V65iN$800 – $1,000
Rinnai RL94iP$1,500 – $1,800
Rinnai RU130iP$2,500 – $3,000

Let me tell you some special features of Rinnai tankless water heaters. They come with Wi-Fi and temperature control. Plus, they are compact and can fit in small spaces.

To help you pick the best one, here are some tips:

  1. Calculate your hot water needs. Consider family size and usage patterns for optimal performance and energy efficiency.
  2. Look for models with high energy efficiency ratings. They may be pricey but will save money in the long run.
  3. Hire a professional installer. This will guarantee proper setup and avoid any warranty-related issues.

Keep in mind your budget and needs when selecting a Rinnai tankless water heater. Balance the initial cost with the long-term savings. Now you can make the right choice and enjoy hot water anytime! Upgrade your water heating with Rinnai tankless water heaters – their prices will make you scalding hot, and the water even hotter!

Features and benefits of Rinnai tankless water heaters

Rinnai tankless water heaters are a top choice for homeowners. Let’s check out what makes them stand out. Here is a list of their key features and benefits:

  1. Energy Efficiency: Heat water only when needed, saving money and energy.
  2. Continuous Hot Water: Enjoy hot showers, baths and tasks without running out of hot water.
  3. Space-Saving Design: Compact size makes them ideal for homes with limited space.
  4. Long Lifespan: With proper maintenance, they can last 20 years or more.
  5. Reduced Risk of Water Damage: No leaking or bursting like traditional tanks.
  6. Eco-Friendly Operation: Reduces greenhouse gas emissions.

Here’s a story of a couple who bought a Rinnai tankless water heater. They were tired of cold showers due to running out of hot water. After investing in one, they noticed a reduction in their energy bills and extra space in their small apartment. They were so happy with it, they recommended it to family and friends.

Traditional tank water heaters may seem cheaper initially, but their pricey energy bills will quickly empty your wallet faster than a leaky faucet.

Comparing the cost of tankless water heaters with traditional tank water heaters

Comparing the cost of tankless water heaters with traditional tank water heaters can help homeowners make an informed decision about their water heating needs. Here is a breakdown of the cost differences between these two types of water heaters:

Cost FactorsTankless Water HeatersTraditional Tank Water Heaters
Initial CostHigherLower
Maintenance CostsLowerHigher
Operating CostsLowerHigher
Long-Term SavingsHigherLower
Energy EfficiencyHigherLower

Tankless water heaters generally have a higher initial cost compared to traditional tank water heaters. However, they can result in lower maintenance and operating costs over time. With their energy-efficient design, tankless water heaters can help homeowners save on their utility bills in the long run. They also have a longer lifespan compared to traditional tank water heaters.

In terms of energy efficiency, tankless water heaters come out on top as they only heat water on demand, reducing wasted energy. Traditional tank water heaters, on the other hand, continuously heat and store hot water, leading to higher energy costs.

One suggestion for homeowners considering a tankless water heater is to factor in the higher upfront cost against the potential long-term savings. While the initial investment may be higher, the energy savings over time can make up for it. Additionally, homeowners should consider their household’s hot water needs and the available space for installation when deciding between the two options.

By understanding the cost differences and the benefits of both tankless water heaters and traditional tank water heaters, homeowners can make an informed decision based on their specific needs and budget.

Tankless water heaters: Saving energy and your utility bills, while simultaneously giving traditional water heaters a run for their money.

Efficiency and energy savings

Tankless water heaters have a clear advantage over traditional tank water heaters. They can reach up to 99% efficiency, compared to traditional tank water heaters which are around 55-65% efficient. Plus, with no standby heat loss, tankless models can save up to 20% on energy bills annually.

My friend recently switched to a tankless water heater. Not only did their monthly utility bills decrease, they also had an endless supply of hot water. Investing in a tankless model is great for both your pocket and the environment.

So, if you’re looking to save money and be energy efficient, tankless water heaters are the way to go!

Installation costs and labor

Installing tankless water heaters is a more costly affair than traditional tank water heaters. We’ll explain the associated costs and labor in detail. Have a look at the table:

Cost TypeTankless Water HeatersTraditional Tank Water Heaters
Installation Costs$500 – $2,500$300 – $1,000
Labor Expenses$700 – $1,500$400 – $800

These figures are just an estimate. Location, additional requirements and plumber charges can affect the costs.

Tankless water heaters offer some unique advantages. They are energy-efficient, longer-lasting and have space-saving designs. This leads to long-term savings and better convenience.

It’s best to consult professionals before deciding on which type of water heater to install. They can suggest the best fit based on your needs. A tankless water heater may cost more initially, but it’s worth it for the convenience and savings in the long run.

Long-term cost considerations

Weighing the long-term costs of water heaters? Let’s explore how tankless water heaters compare with traditional tank ones.

Initial cost? Tankless is higher. Lifespan? Tankless lasts longer. Energy efficiency? Tankless wins again.

On-demand heating from tankless, versus continuous heating from classic tanks. Minimal maintenance with tankless, regular maintenance for tanks.

Tankless may be pricier upfront, but they offer savings down the line. Plus, advancements in technology over the decades make them a great option. So, there you have it. With tankless, you’ll be toasty warm and laughing all the way to the bank!

Frequently Asked Questions

1. How much does a tankless water heater cost?

A tankless water heater can typically cost between $500 and $2,000, depending on factors such as brand, size, and fuel type.

2. What is the average tankless water heater cost?

The average cost of a tankless water heater, including installation, ranges from $1,500 to $4,500.

3. Are there any additional costs associated with tankless water heaters?

Yes, there may be additional costs for accessories such as mounting hardware, water softeners, and venting materials. These costs can vary depending on the specific installation requirements.

4. What is the cost of installing a tankless water heater?

The installation cost of a tankless water heater typically ranges from $500 to $1,500, depending on factors such as the complexity of the installation and any necessary modifications to the existing plumbing system.

5. Are tankless water heaters more expensive than traditional water heaters?

While the upfront cost of a tankless water heater is generally higher than that of traditional water heaters, they can help save money in the long run due to their energy efficiency and longer lifespan.

6. Can I switch to a tankless water heater without incurring significant costs?

Switching to a tankless water heater may require additional costs such as modifying gas lines or upgrading the electrical system. It’s best to consult with a professional plumber to determine the specific costs involved in your case.


The price of a tankless water heater varies with the brand, fuel type, installation requirements, and additional features. Usually, the unit costs $500-$2,500. But, with installation, the total can go up to $5,000+.

Electric tankless water heaters are typically cheaper upfront than gas-powered ones. They cost around $700-$1,200. Gas-powered ones, on the other hand, can range from $1,000 – $3,000+ due to the need for professional gas line installation.

Navien and Rinnai are well-known manufacturers of tankless water heaters. Navien’s start at around $1,000 and go up depending on the model and features. Rinnai’s start at $800 and increase based on the unit chosen.

References :

How Much Does A Tankless Water Heater Cost In 2023?

How Much Does a Tankless Water Heater Cost?