Tankless Water Heater Vs Tank Cost

Along with their longer lifespan tankless water heaters are known to have reduced monthly energy bills helping offset their higher purchase price.

Tankless water heater vs tank cost. This means when you are simultaneously taking a shower and doing laundry the tankless water heater may fail to keep up with the hot water demand of both. They can be output challenged. According to home depot it costs between 2 044 to 5 898 with the average being 2 979 to have a tankless water heater installed accounting for the heater installation materials any. The mr50245 shows exactly what this brand is about offering durability strong performance and excellent efficiency ratings too.

The doe notes that storage tank water heaters typically last 10 to 15 years while most tankless units have a life expectancy of 20 years or more. Depending on what your plumber charges per hour installation can be 600 to 800 if the existing hookups are compatible. Most conventional water heaters cost 300 to 600 less than half the cost of tankless varieties. However high efficiency tank water heaters can be pricey running up to 1 500 uninstalled.

Tankless water heaters tend to cost more up front than storage.