Tankless Water Heater Vs Tank Cost

Depending on what your plumber charges per hour installation can be 600 to 800 if the existing hookups are compatible.

Tankless water heater vs tank cost.

However high efficiency tank water heaters can be pricey running up to 1 500 uninstalled. Most conventional water heaters cost 300 to 600 less than half the cost of tankless varieties. Tankless water heaters tend to cost more up front than storage. In the world of water heaters both tank and tankless rheem is one of the top brands to trust.

Along with their longer lifespan tankless water heaters are known to have reduced monthly energy bills helping offset their higher purchase price. 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. Installation is also cheaper usually about 300 to 500 bringing the total cost in the range of 600 to 1 100. 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 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.