Average Cost of Tankless Water Heaters
Tankless TypeAverage Unit Cost
Natural Gas or Propane$1,000-$1,500
Electric$800-$1,500
Solar$2,000-$6,000

Accordingly, how much does it cost to install a gas tankless hot water heater?

The installation estimates: $865 for a 50-gallon storage-tank heater and $1,470 to $2,500 for a gas-fueled, tankless water heater. To see how a tankless investment might pay off, take the median, or $2,000, as the average installed cost, plus a few hundred more to disconnect and remove the existing conventional tank.

Secondly, what is the downside of a tankless water heater? Tankless water heaters produce an endless supply of hot water, take up less space, have a lower risk of leaking, are safer, and have a significantly longer lifespan on average. The main disadvantage of tankless water heaters is their upfront cost (unit and installation) is significantly higher than tank-style heaters.

Subsequently, question is, how much does it cost to replace a gas water heater?

Tank water heater installation cost — The cost to install an electric or gas water heater typically ranges from $350 to $2,000 nationwide. Tankless water heater installation cost — The cost to install a gas or electric tankless water heater system typically ranges from $2,000 to $5,000.

Are tankless gas water heaters worth it?

According to the U.S. Dept. of Energy, a tankless water heater is more efficient and uses less energy than a conventional water heater, providing a $25 to $107 in annual savings. If your hot water use is low (less than 41 gallons per day), a tankless water heater will be 24% to 34% more efficient.

Related Question Answers

How much does a plumber charge to install a tankless water heater?

Tankless Water Heater Installation Cost

The average hourly rate for a plumber to install a tankless water heater falls between $45 and $150 per hour. Final labor totals average between$100 to $450.

Does tankless water heater increase home value?

A typical tankless water heater can cost anywhere between $500 and $2,000, depending on the model. Installation costs will also run you an additional $1,557 on average, according to Home Advisor. They found that homes with tankless water heaters sold for 4 percent more than their expected value.

How long should a tankless water heater last?

Most tankless water heaters have a life expectancy of more than 20 years. They also have easily replaceable parts that extend their life by many more years. In contrast, storage water heaters last 10–15 years.

Is it cheaper to heat water with propane or electric?

Propane water heaters are more efficient, but electric water heaters closely compare in efficiency. The cost to operate a propane water heater vs an electric water heater is a marginal difference. Propane water heaters can save you roughly $70-80 per year compared to electric water heaters.

Which is better gas or electric tankless water heater?

Efficiency / Operating Cost:

While gas tankless water heaters are certainly more efficient than their tank cousins, their efficiency usually peaks at 80-85%. Conversely, most electric tankless water heaters are 98+% efficient. On top of that, electric tankless water heaters cost much less than most tankless gas models.

How much does a whole house tankless water heater cost?

A new tankless water heater costs between $1,500 and $2,000 installed, while a whole house tank costs between $600 and $800. A tankless hot water heater costs around $430 without installation and a traditional heater costs around $440.

How much does it cost to install a tankless water heater from Home Depot?

The Home Depot offers traditional water heater tanks and modern tankless units, both powered by either gas or electricity. Depending on your selection, the average cost for water heater installation is between $1,000 to $3,000.

What size of tankless water heater do I need?

You'll need to be able to heat at least 5.2 gallons of water. So you'll need a tankless water heater that can produce at least a 60 degree rise in temperature at 5.2 gallons per minute.

Can a water heater last 20 years?

A tankless water heater can last up to 20 years, sometimes even longer. Also called “on-demand” water heaters, these appliances do not work continuously to maintain a supply of hot water—and, as a result, they last longer than their tank-style counterparts.

How many years does a gas water heater last?

AGE: On average, your gas hot water heater should last anywhere between 8 to 12 years, while an electric model will last a bit longer at 10 to 15 years.

What are the signs your hot water heater is going out?

Here are a few telltale signs that indicate your hot water heater is not working properly and likely requires service.
  1. Poor Water Quality.
  2. Leakage.
  3. Inconsistent Temperature.
  4. Water Takes Forever to Heat Up.
  5. Things That Go Bump in the Night: Your Water Heater.
  6. Age.

How much should a 50 gallon water heater cost installed?

Typically a 50gallon natural gas water heater installation costs between $795 and $1,600.

How much does it cost to replace a 40 gallon gas water heater?

Water Heater Prices by Size
Tank SizePrice Range*
40$320-$1,600
50$400-$2,200
75$900-$3,000
80$1,000-$3,000

Can you install your own water heater?

Can you replace a water heater yourself? The short answer is yes, most of the time. If there needs to be electrical modifications, many building jurisdictions will allow you to do the modifications yourself if its your own home, but a few jurisdictions may require a license electrician to do the work.

Do I need a permit to replace a water heater?

Most cities and jurisdictions do require a permit to replace an existing water heater, whether you're replacing a broken water heater or upgrading to a larger or more functional unit. Permits address potential safety concerns of an improperly installed water heater.

Does Lowes install water heater?

A: The cost to install a water heater varies from project to project based on individual needs. To get a personalized quote, please fill out the form above or call 1-877-GO-LOWES. Q: Does Lowe's offer an extended warranty? A: Yes, Lowe's offers water heater protection plans.

Should I replace my water heater before it fails?

If the tank rusts through, it could fail catastrophically and flood your home. You can avoid this disaster by replacing your water heater before it fails. A new water heater could lower your utility bills: You must invest in a new water heater, but it will start paying your back immediately in lower energy bills.

Can a tankless water heater fill a tub?

A small tankless water heater can take a long time to fill a large tub. Third, if for some reason a larger water heater cannot fit, and the properly sized tankless is too expensive, you can add a second standard water heater next to your present tank. Two smaller water heaters can do the job of one big water heater.

Can you run out of hot water with a tankless water heater?

yes, there's a downside to this. Although a tankless system can‘t run out of hot water, it can be overwhelmed with demand. If more than one tap is on demanding hot water at the same time, however, such as other showers or a running washing machine, the water heater will struggle to keep up and drain extra power.