Do you want unlimited hot water for your home? Then a tankless water heater can offer you having hot water as long as you need it. Moreover, this type of water heaters reduces the electricity bill and saves a lot of your money. If you are looking for such advantages, nothing can be a better choice than a tankless water heater.
What is a tankless water heater
The water heater that turns the cold water into hot water through a gas pump or electric power and does it without any tank is called a tankless water heater. I want to recommend this water heater for those families who need hot waters instantly and don't indefinitely. It will take less space than a water heater with a tank, so in this way, the heater will save a lot of space in your home.
Tankless water heater cost
The cost of tankless water heaters mainly depends on the type and the size also matters. Depending on the types, I can divide the cost into two categories.
- Gas tankless water heater cost: Gas tankless water heater can cost you around $250 to more than $2,000, depending on the size. Water heater from small to medium size will cost you within $900. But large size water heaters will cost you more around $1,500 to more than $2,000.
- Electric tankless water heater cost: You can find electric tankless water heater spending less money than gas-powered water heaters. Varying on the tankless heaters' size, the cost of these heaters ranges from $100 to $800. So you can save a lot of money by buying an electric tankless water heater instead of a gas tankless water heater.
Tankless water heater installation cost
The installation cost of a tankless water heater depends on the type of heater and labor cost. The labor cost varies a lot and the water heater cost varies depending on the type and size, as I've mentioned above. Installing a tankless water heater can cost you near $1,000 and even more than $6,000.
But the average cost for installing this water heater ranges from $2,000 to $3,500. Installing an electric tankless water heater will cost you less than installing gas-powered water heaters. The labor cost for installing a tankless water heater ranges from $200 to $1,300.
Tankless water heater pros and cons
Every scientific device has some positive sides and negative sides. So, the tankless water heater is not different from this point of view. Before purchasing for such type of water heater, you need to assure you that it is worthy enough. And for this, I'm going to discuss the pros and cons of tankless water heaters in this article segment.
Pros of tankless water heater
- This will undoubtedly save a lot of space inside your home.
- You can continuously get hot water as long as you want.
- Lessens your monthly electricity bills.
- Increases the longevity of the tank.
- Have a minimum risk of water leakage or damage.
- You don't have to worry about any explode from a tankless water heater.
- You will get two types here, gas-powered and electric water heaters.
Cons of tankless water heater
- Cost a bit more for installing this type of water heaters.
- Takes a lot of time to produce hot water.
- You can get hot water consistently, but the temperature will be inconsistent here.
- You will not get an unlimited water supply through a tankless water heater.
- For larger homes or families, a tankless water heater is not appropriate.
Tankless water heater types
In this segment of the article, I will discuss the two main types by mentioning a few products for your consideration.
Electric tankless water heater
- Electric water heaters are better for providing energy efficiency and they also cost less than gas-powered ones. EcoSmart ECO 27 Electric Tankless Water Heater is built with copper and stainless steel for efficiency and durability. It comes with digital temperature control and with an activation flow of 0.3 GPM.
- Stiebel Eltron 224199 comes with a digital temperature controlling system with a voltage of 240 volts or 208 volts. The sleek design of the water heater fits anywhere. Ecosmart POU 3.5 Point of Use Electric Tankless Water Heater can provide hot water on the sink at 0.5 GPM in warmer climates. To set up the heater, it requires one by 30 amp breaker and 10 AWG wire.
Gas-powered tankless water heater
This type of water heaters are more powerful than electric ones and costs more for installation. Rinnai RUC98iN Ultra Series comes with a space-saving design that allows indoor installation type. It has a concentric or PVC venting option and requires natural gas for working.
Tank vs. tankless water heater
What type of water heater do you need, tank or tankless water? This kind of question might be rising while you are reading this article. Now let’s distinguish the differences between tank and tankless water heater and clear your confusion in this regard.
- A tank storage water heater can hold up to 40 to 60 gallons of water in maximum. But the average capacity of holding water is 50 gallons. Meanwhile, there is no such definite water holding capacity for a tankless water heater.
- A tank storage water heater measures around 5 feet taller and 2 feet wider, so it takes a good bit of space in your house. But tankless water is far better in this regard.
- If you ask me which one is cheap? Then the answer is straightforward, it tank storage water heater.
- In the tank storage water heater, the heat is consistent and it can reach up to 120 Fahrenheit. But you will find inconsistency in the temperature in the tankless water heater.
- A tank storage water heater can last for 10 to 15 years. Meanwhile, a tankless water heater can last for more than 20 years as it has a better lifespan.
So, I think you have an idea about the cost of a tankless water heater and installing these water heaters by reading this article. Now it's up to you which type of water heater you need for your home and then installs it with the plumber or labor.