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.
Tankless gas water heater installation cost.
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.
Tankless water heaters cost around 2 3 times more than traditional storage tanks.
The best way to budget for a new tankless water heater is to compare quotes from local contractors.
For a basic project in zip code 47474 with 1 heater the cost to install a tankless gas water heater starts at 2 465 2 893 per heater.
Tankless water heater cost.
Tankless water heater cost.
In all cases you ll need to seek the services of a licensed plumber as the installation is too complex and potentially dangerous for diy.
Actual costs will depend on job size conditions and options.
Installing a tankless water heater is a greater upfront investment but these units can significantly cut the cost of monthly utilities.