Tankless Vs Tank Water Heater Price

From energy savings to the cost of installation there is more than just size and space to consider when choosing between a tank vs.

Tankless vs tank water heater price. Using a natural gas rate of 10 86 per 1 000 cubic feet we calculated that. Most conventional water heaters cost 300 to 600 less than half the cost of tankless varieties. Either a gas burner or an electric element heats the water. Purchasing a tankless water heater will cost you a bit more than a traditional storage tank water heater but tankless varieties las longer than conventional water heater models which translates to a 20 year useful life as compared to storage tank types which last only 10 to 15 years before self destructing possibly flooding your basement.

However high efficiency tank water heaters can be pricey running up to 1 500 uninstalled. Installation is also cheaper usually about 300 to 500 bringing the total cost in the range of 600 to 1 100. Tankless water heaters cost around 2 3 times more than traditional storage tanks. Tankless water heaters heat water directly without the use of a storage tank.

The doe notes that storage tank water heaters typically last 10 to 15 years while most tankless units have a life expectancy of 20 years or more. If your home needs to be rewired it can easily add 3 000 or more to the cost of installing a tankless water heater. And s torage tank water heaters while less expensive up front don t last as long as tankless options.