The installation costs for electric systems range from 800 to 1 500 while installation for gas units cost between 1 000 and 1 500.
Cost of installing tankless water heater gas.
Tankless water heater cost.
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.
Gas tankless water heater prices.
The cost to install the actual tankless electric water heater is about the same as a traditional water heater at 90 450 with a gas installation costing about 1 700 including adding the gas line.
A tankless water heater costs about 2 112 to install or between 1 085 and 3 144 but labor rates vary tankless model prices vary by brand type and flow rate.
Installing a tankless water heater is a greater upfront investment but these units can significantly cut the cost of monthly utilities.
Electric tankless water heaters also cost less to install than gas units.
Gas water heaters require venting to prevent the buildup of harmful gases inside the home.
Tankless water heater cost.
Tankless water heaters cost around 2 3 times more than traditional storage tanks.