Cost Of New Electric Tankless Water Heater

Beyond the initial cost the national average for the installation of a tankless unit is slightly over 1 700.

Cost of new electric tankless water heater. Installing a tankless water heater is a greater upfront investment but these units can significantly cut the cost of monthly utilities. You can buy an electric model for 500 700 while a gas unit will set you back 1 000 1 200. How much does it cost to buy a new tankless water heater. An electric tankless unit will cost about 500 to 700 roughly the same as a traditional tank model while the cost of a gas tankless heater runs about 1 000 to 1 200.

The cost to install a new water heater ranges from 400 to 900 for a 40 to 50 gallon tank and between 1 470 and 2 510 for a tankless. The low end tankless model costs about 430 minus installation while the average purchased model costs around 1 200. Also most plumbers will charge between 250 and 500 to take the old water heater out and properly dispose of it. A tankless water heater that is purchased brand new will cost up to 2 000 and a whole house water heater tank costs anywhere from 600 800.

The average cost for a tankless water heater installation is 1 985 or between 1 470 2 510 if your home needs to be rewired it can easily add 3 000 or more to the cost of installing a tankless water heater.