How Much Does a Tankless Water Heater Cost?
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Nowadays, many people prefer tankless water heaters over storage tank water heaters because the former is more energy-efficient, has lower operating costs, and takes up less space. Plus, you get a constant hot water supply for as long as you need it because the unit heats the water on demand. Unlike traditional water heaters, tankless water heaters run cold water through hot pipes, which gives you hot water for as long as you need it.
But how much do tankless water heaters cost? Is the price higher than that of storage tank water heaters? Tankless water heater costs can vary based on the factors we’ll discuss in this article.
One of the factors that affects the cost of tankless water heaters is the type. Electric tankless water heaters can range from $170 to $800, while gas-powered tankless water heaters can cost between $230 and $2,300. Oil-fired tankless water heaters, another type of tankless water heater that isn’t as popular as the other two, can cost between $1,000 and $3,000. This is a rough estimation of tankless water heater costs, and the actual prices might vary considerably.
System size is another crucial factor affecting tankless water heater costs. The larger the system, the higher the price of the heater. Also, an electric water heater will cost less than a gas water heater of the same size but usually costs more to operate. Another factor that can affect the price of tankless water heaters is the brand and degree of energy efficiency, as high-efficiency heaters typically cost more upfront.
Single Point vs. Whole-House System
You can buy single-point tankless water heaters, also known as point-of-service tankless water heaters, in packs of three, with each unit in the price range of $145 to $250. These heaters are ideal if your plumbing covers a large area because they provide a shorter path for heated water to travel. Whole-house tankless water heaters, on the other hand, can cost between $200 and $2,300, depending on the type: electric or gas-powered.
Labor and Installation Costs
A tankless water heater’s price doesn’t typically include labor and installation expenses, which you must pay unless you have the skills to safely install the heater yourself. Labor costs for installing a tankless water heater can be between $500 and $3,000, depending on the type of system and the power source. Contact us if you need help with tankless water heater installation in Sugar Land, Texas, or the surrounding areas.
Tankless Water Heater Installation With Doug Turner
Along with water heater installation, we can help you with plumbing needs such as changing the heating element or restoring the water pressure in your faucet. Our team of experienced professionals has helped hundreds of families install their tankless water heaters. Tell us your requirements, and we will provide a quote so you know how much it will cost you and can make an informed decision. We also offer tankless water heater installation in Southwest Houston, Katy, Hedwig Village, and throughout the Fort Bend County area.