Gas Tankless Hot Water Heater Cost

Tankless water heaters cost around 2 3 times more than traditional storage tanks.

Gas tankless hot water heater cost.

Tankless water heaters of course don t hold much water so the number to look for is the gallons per minute rating gpm. The average purchase price of a gas tankless heater is 1 000 1 200 gas tankless water heater installation cost. However this initial investment is often paid back within the life of the unit due to the energy savings. The downside is initial cost of the unit which is often higher than other options.

Gas water heaters are expensive to purchase. While a standard water heater wastes 30 percent of. For a high quality unit you can expect to spend a minimum of 1 000. Compact tankless water heaters are small and compact.

We rated the annual energy consumption cost excellent for a gas. Let s say you spend 2 000 to purchase and install a tankless 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. A gas water heater costs at least twice as much as an electric heater.

If your annual savings are 100 it would take 20 years the approximate lifespan of a tankless water heater to recoup the cost in energy savings. That s the number that tells you how much hot water the heater can. Tankless water heaters pros. The cost to install a gas tankless water heater varies significantly according to your current home setup although it tends to be quite expensive whatever your needs.

The primary advantages of gas tankless water heaters are energy savings space savings and continuous hot water. Tankless water heater cost. Gas and electric tankless water heaters run more efficiently than the conventional water heaters of the same fuel type. For a model with electronic ignition to remove the need for a pilot light you ll need to pay closer to 1 200.

Tankless water heaters are also fueled by gas or electricity but they do not store water within the unit. New tankless water heater and installation costs. 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.