How Much Does a Tankless Water Heater Cost? Prices range from about $170 for small gas-fired units to more than $2,000 for high-output heaters that can supply two showers at the same time; $1,000 is about average. Tankless electric heaters run between $90 and $900.
Is a tankless water heater worth the cost?
Energy Use and Efficiency Tankless: Gas and electric tankless water heaters run more efficiently than the conventional water heaters of the same fuel type. We rated the annual energy consumption cost Excellent for a gas model but only Fair for an electric, but both rate Very Good for energy efficiency.
What is the downside of an electric tankless water heater?
The main disadvantage of tankless water heaters is their upfront cost (unit and installation) is significantly higher than tank-style heaters. they take longer to deliver hot water. the water temperature is inconsistent when multiple outlets are on simultaneously. they cannot provide hot water during a power outage.
Why is tankless water heater installation so expensive?
Installation is expensive because the unit needs a bigger gas supply than a conventional water heater does, and it needs to run its own exhaust flue to the exterior. Installation costs can vary widely, depending on the location of the flue and the gas supply. The unit itself costs between $800 and $1,000.
Can you run out of hot water with a tankless water heater?
With a tankless system, there isn’t a supply of hot water that can be depleted. Instead, the water heater heats up water as there is a demand for it. It will keep doing this as long as there is demand – and that means you won’t run out of hot water!Sep 11, 2017.
Does tankless water heater increase home value?
If you are looking to increase the value of your home, adding a tankless water heater to your features is a great place to start. According to a study conducted by Zillow, homes with tankless water heaters sold for 4% more than their expected value. On average, these homes also sold 43 days faster than expected.
What size tankless water heater is needed for a family of 4?
What Size Tankless Water Heater Do I Need For A Family Of 2, 3, 4, 5, Or 6? Number Of Family Members: Gas Tankless Heater Size (GPM) Electric Tankless Heater Size (kW) What size tankless water heater do I need for a family of 3? 7-9 GPM 15-23 kW What size tankless water heater do I need for a family of 4? 8-10 GPM 20-28 kW.
Does tankless water heater need more electricity?
Tankless heaters can be 24-34% more energy-efficient than regular water heaters for households that use 41 gallons or fewer of hot water daily. Installing a tankless heater at each hot water outlet, Energy.gov says, can increase tankless water heater energy savings by up to 27-50%.
Do tankless water heaters freeze up?
Still, the tankless hot water heater can freeze if certain precautions are not taken when the temperatures drop below a certain level. Most indoor and outdoor tankless water heaters have built-in freeze protection against temporary winter temperatures ranging from -5 degrees Fahrenheit to -22 degrees Fahrenheit.
Can I replace my tank water heater with a tankless?
Yes. The initial cost of converting your tank water heater to a tankless is expensive. Tankless water heaters are 3x more expensive than your average tank water heater. However, the energy savings and supply of endless hot water can outweigh the cost for many.
Do tankless water heaters need a vent?
Installing a tankless water heater outside frees up indoor space and requires no additional venting. Traditional gas tank water heater require venting through the roof. Tankless water heaters use fans to blow exhaust from the unit horizontally, allowing vents to terminate on the side of a house.
What is the life expectancy of a water heater?
Factors that affect the life expectancy of a water heater: While many say 8 to 12 years is the expected life for a standard gas-powered water heater, this range can change and be very dependent on where you are located. The level of sediment in your tank affects the lifespan of your water heater.
Why do tankless water heaters run out of hot water?
Because tankless units only heat water as it’s needed, running too many hot water appliances at the same time could mean the unit just can’t keep up. On the other hand, your “no hot water” problem could be cause by a bigger issue such as: Plugged heat exchanger (due to hard water) A blocked vent/air intake.
What are the main advantages of a tankless water heater over a tank heater?
Energy Efficiency. While a traditional tank water heater heats water continuously, tankless water heaters heat only as much water as needed, when it is needed. Lower Utility Bills. Extended Life Span. Endless Hot Water. Save Space. Less Maintenance.
How long does it take to install a tankless water heater?
Additional time is required to install new power and water lines and air vents. Afterward, the tankless unit must also be mounted and connected. Tankless to Tankless Installation: This generally takes between one to three hours.
How long does it take for a tankless hot water heater to pay for itself?
Tankless water heaters can eventually pay for themselves with energy bill savings, but the payback period may be long: 22-27 years for a gas tankless heater, 12-20 years for an electric. Tankless water heaters tend to last longer than storage heaters: 20 to 25 years in many cases.
How long does it take to recover the cost of a tankless water heater?
If the tankless system costs $2,200 installed, and saves $116 a year, it would take about 19 years to break even on the investment. If the new tankless system replaced an Energy-Star storage-tank heater (its operating costs are $360 a year), it would take about 25 years to break even.
How noisy is a tankless water heater?
Gas tankless hot water heaters all make noise when firing up and heating water, but the levels are usually less than 90 decibels. If the noise occurs when hot water isn’t being used, there’s a good chance that another source is siphoning water from the line and creating a vacuum.