Frequently Asked Questions Regarding Tankless Water Heater Cost

When it comes to installing a tankless water heater in your Austin, Texas home, the associated cost is often at the forefront of many homeowner’s minds. Questions such as “how much more expensive is a tankless heater compared to a conventional heater?”, or “will I make my money back in energy savings over time in the long run?” are common. To help you choose the right system and answer any lingering questions, here are some frequently asked questions regarding tankless water heater cost.

What does a tankless water heater cost?

The cost of a tankless water heater typically depends on the size of the unit, the manufacturer, and where it is purchased from. On average, a mid-range tankless water heater will cost between $3,100 and $4,500 before installation. Installation fees usually run an additional $500 to $1,000, bring the total cost up to anywhere from $3,600 to $5,500 for an average mid-range tankless water heater.

How much more expensive is a tankless heater compared to a conventional heater?

While tankless water heaters have significantly higher upfront costs than traditional tank water heaters, tankless water heaters can actually save property owners money in the long run. This does depend on usage and other factors. Installing a tankless water heater can also increase your home’s market value, providing homeowners with a return on their investment.

Do tankless water heaters provide energy savings?

Yes, tankless water heaters provide energy savings. Tankless water heaters only heat water when it is in use, meaning no energy is wasted on keeping a tank of water hot even when not being used. This helps reduce electricity bills. According to the Department of energy, tankless water heaters can save the average household between $100 to $150 per year in energy costs.

What factors influence the cost of a tankless water heater?

There are a few factors that influence the cost of a tankless water heater. These include: the size and power of the unit, the type of fuel used (e.g. natural gas, propane, or electric), and where you buy it from. Professional installation is also an added cost that should not be overlooked when planning for a tankless water heater.

Is professional installation mandatory?

Yes, it is highly recommended to hire a professional for your tankless water heater installation. Professional plumbers have the necessary experience and technical knowledge to ensure your water heater is properly and safely installed. At Abacus Residential and Commercial Plumbers, our licensed plumbers are not only knowledgeable but their customer service skills will meet or exceed your expectations.

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