Gas Tankless Hot Water Heater Cost

Tankless water heaters pros.

Gas tankless hot water heater cost.

We rated the annual energy consumption cost excellent for a gas. A gas water heater costs at least twice as much as an electric heater. The downside is initial cost of the unit which is often higher than other options. That s the number that tells you how much hot water the heater can.

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 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. Tankless water heaters are also fueled by gas or electricity but they do not store water within the unit. Let s say you spend 2 000 to purchase and install a tankless water heater.

The average purchase price of a gas tankless heater is 1 000 1 200 gas tankless water heater installation cost. Compact tankless water heaters are small and compact. For a model with electronic ignition to remove the need for a pilot light you ll need to pay closer to 1 200. The rheem eco200xln3 1 outdoor natural gas tankless water the rheem eco200xln3 1 outdoor natural gas tankless water heater can provide up to 9 5 gpm at a 35 temperature rise.

Tankless water heaters of course don t hold much water so the number to look for is the gallons per minute rating gpm. However this initial investment is often paid back within the life of the unit due to the energy savings. The 199 900 btu natural gas tankless water heater is designed to supply continuous hot water for up to 3 bathrooms at the same time. Gas and electric tankless water heaters run more efficiently than the conventional water heaters of the same fuel type.

Tankless water heaters cost around 2 3 times more than traditional storage tanks. Gas water heaters are expensive to purchase. 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. 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.

For a high quality unit you can expect to spend a minimum of 1 000. New tankless water heater and installation costs. Tankless water heater cost.