Tankless Water Heater Cost: How Much Do Modern Heaters Cost?

When it comes to keeping your home’s plumbing system up and running, few investments are more important than a reliable water heater. Without a quality water heater, residents of Austin, Texas (78758 zip code) and beyond can find themselves without hot water for washing, bathing, and other essential tasks.

That’s why it’s so important to make sure that your home’s water heater is working properly and efficiently. For many property owners, that means investing in a tankless water heater. These newer models are becoming increasingly popular due to their combination of excellent reliability, high energy efficiency, and long-term savings.

But what’s the cost of a modern tankless water heater? In this article, we’ll “dive deep” and explore the cost of DIY and professional tankless water heater installation, and potential energy savings over time. Let’s begin!

Tankless Water Heater Cost Factors

When it comes to understanding tankless water heater cost, there are a few primary factors. First, tankless water heater pricing will vary based on the size and type of the unit, and the installation costs associated with a professional installation.

For the unit itself, property owners can expect to pay somewhere in the range of $1,500 to $3,000 depending on the size and efficiency of the heater.

What’s more, certain accessories such as a digital temperature controller, thermostatic mixing valves, and point-of-use recirculation systems, can add an additional cost of up to $500 more.

Tankless Water Heater Installation Price

On top of the actual cost of the tankless water heater, property owners must also consider installation costs associated with a professional installation. Professional installation will almost always be the safest and most secure option, especially when dealing with gas tankless water heaters, which require exact venting for safe and proper operation.

For a gas-fueled tankless water heater, a professional installation will cost between $1,400 and $2,500 depending on the complexity of the job, the size of the heater, and any additional parts or accessories that may be needed.

For an electric tankless water heater, the installation price is usually much lower, usually between $500 and $1,000.

Long-Term Savings with Tankless Water Heaters

Not only are tankless water heaters more reliable and efficient, they can also offer long-term savings on energy costs, depending on how often you use your hot water.

For example, over time, a tankless water heater will save you an average of 10-25% on utility costs than a traditional water heater, adding up to $100 or more in savings each year. In addition, you have the benefit of a more reliable unit and longer warranty periods, generally seven to 12 years.

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Tankless Water Heaters Benefits