How Much Is A Tankless Water Heater? A Definitive Guide!

How much is a tankless water heater? It can cost around 1,000-dollars to invest in a good quality one. A tankless water heater with electronic ignition can cost around 1,200-dollars. This model doesn’t have a pilot light but brings substantial energy savings over a long time.

While there is no specific answer to the question, significant differences occur in their prices.

How much is a tankless water heater

This is true, especially if you compare electricity to gas. Plus, you must consider the maintenance, energy, and installation in mind. These factors will also differ based on living in an average-sized condo and large home. My friends, there are more things that you should know, so without further ado, let’s start!


Traditional Versus Tankless

Know the significant difference between a traditional and tankless water heater. The former preheats, stores water inside the tank. It has a capacity range of thirty to fifty gallons. The water heated stays inside the tank until needed and utilized already. The tank will refill and continue to pre-heat. The tankless water heater utilizes gas or electricity to warm the water up. Once you have the dishwasher turned on or finally have stepped in the shower, it will heat the water in the primary source. It’s readily available for use.


Gas Or Electric Water Heater

How much is a tankless water heater? It relies heavily on your choice of gas or electric model. You must consider several factors if you choose one and the other.

  • Installation cost. Install the water heater and retrofit the utility hookup cost at 1,000-dollars or 2,000-dollars. It will depend on the local prices, including the work needed. The gas model requires a safe ventilation system while the electric gas model does not. It then makes the gas model more costly when installed.
  • Upfront cost. Purchase an electric tankless water heater at 500-dollars to 700-dollars. The gas unit sets you back at around 1,000-dollars to 1,200-dollars.
  • Environmental impact. The electric and tankless water heater does not emit greenhouse gasses; it’s even easier when disposed of at a life cycle end.
  • Utility cost. The gas may seem inexpensive when operated. But, it likewise depends upon the utility costs in the area. The gas unit demands yearly maintenance and the electric model does not.

Click on this link to know how to tell if water heater is gas or electric.


Tankless Water Heater Advantages

A tankless water heater unit utilizes thirty to fifty percent more energy than the conventional water heater. It saves an average family one-hundred dollars every year on heating costs. The standard type of water heater wastes thirty percent of energy, while the tankless unit loses only five percent. You’ll wait several seconds so the water will heat at its source.

But the good thing is you never lack hot water with it. The tankless unit is littler than a conventional water heater, while it takes up less space. Install it in the basement, utility room, basement, garage, and outdoors. And then, the lifespan of a conventional water heater lasts 8 to 10 years. The lifespan of a tankless water heater reaches up to twenty years.


Tankless Water Heater Disadvantages

Despite the many advantages the tankless water heater offers, it still has disadvantages. For one, it’s more costly to purchase and install than the conventional water heater. It will depend upon the unit and the amount to retrofit a home. It costs twice that much. With the expertise needed, it takes up to ten hours for the installation to complete. Plus, it takes long hours to heat and deliver the hot water. Coldwater sandwiches are also commonly experienced after turning on the hot water but not heating it. Hard water will cause the tankless unit to malfunction. The manufacturer warranty does not cover the damage brought by hard water.


Maintenance Required For A Tankless Water Heater

The maintenance required is the same as the electric and tankless gas heater. The only difference is no care is needed every year. That only requires it on occasion. And, the plumber checks electrical connections instead of the fuel combustion and gas lines. But, you pay for 45-dollars and 130-dollars for inspection. And the cost depends upon the fees of a plumber and if the maintenance requires 1 or 2 hours.

Yearly maintenance is needed, similar to a tankless gas heater. For one, you live in a place with water that is difficult. Or, you’ll set the heater at a higher temperature. Avoid this as much as possible to reduce expenses with limescale cleaning. The maintenance costs average around forty-five dollars to one-hundred thirty-five dollars, considering an occasional inspection. Know how to clean hot water heater


Tankless Water Heater Saves Money

Choosing an electric or gas tankless heater is always after you save money. It lasts twice as long as it is a tank model. It’s long before I finally need to pay for a replacement. The installation cost for it is lower. You won’t need to prepare your home for it. The operating costs are lower with gas and electric tankless water heaters than their tank counterparts. Maintenance costs are also further reduced with tankless water heaters. Find out how much money do tankless water heaters save.


It’s A Wrap!

Now you have learned how much is a tankless water heater. If you’ve the budget, get ready to buy it as a good option, especially if you remodel or build a new home. Nonetheless, a tankless water heater is never a DIY project requiring expert installation skills. Leave the installation to professionals to make the tankless water heater work correctly.

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