Electric Tankless Water Heater Cost

Rheem performance tankless electric water heaters help reduce rheem performance tankless electric water heaters help reduce energy usage save on energy costs and provide the comfort and convenience of continuous hot water on demand.

Electric tankless water heater cost.

The initial cost of a tankless water heater is greater than that of a conventional storage water heater but tankless water heaters will typically last longer and have lower operating and energy costs which could offset its higher purchase price. Tankless water heaters typically last up to 20 years twice as long as a tank style unit. Tankless water heaters cost around 2 3 times more than traditional storage tanks. Enjoy the comfort and convenience of continuous hot water on demand with a rheem tankless water heater.

Tankless water heater cost. Our whole home models are a perfect match for installations in small spaces and no venting is required. A tankless unit uses 30 to 50 percent less energy than a standard water heater saving the average family more than 100 a year on heating costs. Our whole home gas and electric models are great for homes with busy families homes with luxury bathrooms and vacation homes while our point of use electric models are ideal for a single faucet or shower.

The average cost for a tankless water heater installation is 1 985 or between 1 470 2 510 if your home needs to be rewired it can easily add 3 000 or more to the cost of installing a tankless water heater. Installing a tankless water heater is a greater upfront investment but these units can significantly cut the cost of monthly utilities. The gas and the electric storage tank water. Tankless water heaters tend to cost more up front than storage tank models.

Most tankless water heaters have a life expectancy of more than 20 years. Tankless water heaters are about the size of a carry on suitcase and can be installed on virtually any wall inside or outside of your home. The nine models in our tests range from 525 to 1 150. Department of energy estimates that in homes using 41 gallons or less of hot water on demand tankless units can conserve between 24 to 34 more energy than tank water heaters.