Electric Tankless Water Heater Cost Savings

The average cost for a tankless water heater installation is 1 985 or between 1 470 2 510 if your home needs to be rewired it can easily add 3 000 or more to the cost of installing a tankless water heater.

Electric tankless water heater cost savings.

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. Tankless water heaters cost around 2 3 times more than traditional storage tanks. Plus it s a great value with a 5 year heat. According to angie s list the average price of a premium tankless water heater is about 1063 with installation a full 8 10 hours by a professional plumber.

Tankless water heater cost. What s more you will even reveal how many trees your tankless water heater will save by simply reducing your carbon footprint. Assumptions base model has an efficiency that just meets the national minimum standard for gas and electric water heaters. Compact tankless water heaters are small and compact.

Rheem performance tankless electric point of use water heaters help rheem performance tankless electric point of use water heaters help reduce energy usage save on energy costs and are small so they will be a perfect match for installations under a cabinet or sink in your home office boat or rv. With the promise of endless hot water over 9 million electric tankless water heaters are sold in the united states every year. There is a myth that the upfront cost of tankless water heater is almost double than traditional water heater due using luxury high end technology. But before you replace your existing electric water heater with one you should look at the one time installation costs annual maintenance and the monthly cost of electricity.

Tankless water heaters pros. The initial cost of a tankless water heater is greater than that of a conventional storage water heater but tankless water heaters will typically last longer and have lower operating and energy costs which could offset its higher purchase price. Your savings report will reveal your energy cost per therm energy factor annual energy in therms co2 emissions in pounds and your annual energy cost in your area both before and after 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. Often they can be mounted to the wall. If your annual savings are 100 it would take 20 years the approximate lifespan of a tankless water heater to recoup the cost in energy savings.