View Here : Tankless Hot Water Heater Cost
Tankless water heaters save money in the long run, but initial costs are higher than tank models. Tankless water heaters cost up to three times more than storage heaters — from less than $1,000 for an electric, whole-house model to $3,000 for a gas-powered one, including installation by a qualified plumber. Also,...
Tankless Water Heater Cost. The average cost to install a tankless water heater is $1,854, or between $963 and $2,785. The price of this project depends on the model and factors like labor. Tankless model prices vary by brand, type and flow rate. The hourly rate for a plumber is $45-$150.
Benefits of a tankless water heater. 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. While a standard water heater wastes 30 percent of its energy, a tankless unit loses only 5 percent.
In some cases, a tankless water heater is located in a completely different location than the old water heater. The distance from the water heater to the faucet will determine the time it takes for hot water to reach the faucet.
A new tankless water heater costs between $1,500 and $2,000 installed, while a whole house tank costs between $600 and $800. A tankless hot water heater costs around $430 without installation and a traditional heater costs around $440.
Tankless water heaters that use natural gas are about 23 percent more efficient than a traditional storage version, which is about 60 percent efficient, according to the Department of Energy. Most gas-powered tankless water heaters do qualify for a $300 federal tax rebate. Many states offer similar incentives.
Tankless water heaters cost more to install than comparable traditional water heaters with storage tanks. Average installation costs for a traditional water heater with a storage tank range from $600 to $1,000.
Typically, tankless water heaters provide hot water at a rate of 2 to 5 gallons (7.6 to 15.2 liters) per minute. Gas tankless water heaters usually produce higher flow rates than electric models. By heating only the water you’re actually using, these units can provide energy and cost savings over time.
Rheem water heaters are available in multiple sizes and with multiple warranties, with energy-efficiency claims that vary by size. Rheem tankless water heaters are available at Home Depot.