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Average Cost Tankless Water Heater Installation: A Comprehensive Guide

Tankless water heaters provide an efficient and modern solution for hot water needs, but their installation involves several cost factors. The total expense depends on the unit’s specifications, labor, and any additional upgrades required for your home’s infrastructure. Below, we explore these factors in detail to help you estimate the average cost of tankless water heater installation accurately.

Factors Affecting Installation Costs

The cost of installing a tankless water heater is influenced by multiple variables. Understanding these factors will help you budget appropriately and avoid unexpected expenses.

Unit Type and Size

Tankless water heaters come in electric and gas-powered models, each with different price points. Electric units are generally less expensive, ranging from $500 to $1,500, while gas models cost between $1,000 and $2,500. The size of the unit, measured in gallons per minute (GPM), also affects the price. Larger households may require higher-capacity units, increasing the overall cost.

Labor Costs

Professional installation is recommended for tankless water heaters due to the complexity of the process. Labor costs typically range from $500 to $1,500, depending on the job’s complexity and local rates. Plumbers and electricians may charge hourly or flat fees, so obtaining multiple quotes is advisable.

Additional Modifications

Older homes may require upgrades to accommodate a tankless system. For gas models, venting systems might need adjustments, adding $200 to $1,000 to the total cost. Electric models may require new wiring or circuit breakers, costing $200 to $800. Permits and inspections, often mandatory, can add $50 to $300.

Comparison of Tankless Water Heater Installation Costs

Factor	Cost Range (USD)
Electric Unit	$500 – $1,500
Gas Unit	$1,000 – $2,500
Labor	$500 – $1,500
Venting Modifications	$200 – $1,000
Electrical Upgrades	$200 – $800
Permits and Inspections	$50 – $300

Long-Term Savings and Benefits

While the upfront cost of a tankless water heater is higher than traditional models, the long-term savings can justify the investment. Tankless units are 24% to 34% more energy-efficient for homes using 41 gallons or less of hot water daily. They also have a lifespan of 20 years or more, compared to 10-15 years for tank models, reducing replacement frequency.

References

U.S. Department of Energy
HomeAdvisor
Consumer Reports

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