Looking to install a tankless water heater but not sure what the cost will be? You’re in the right place. Show
Tankless water heaters are becoming more and more popular, but many people are unsure of what they should expect to pay for one. In this article, we will provide you with an updated cost overview of what you can expect to pay for a tankless water heater. We will also discuss the factors that can affect the cost of installation so that you can make an informed decision. So let’s start! How Much Does The Average Tankless Water Heater Cost?The cost of a tankless water heater will vary depending on the size, model, and brand that you choose. However, the average cost of a tankless water heater is between $3,500 and $7,500 for gas models. On the other hand, an electric tankless water heater is cheaper, which costs between $2,500 and $6,500. The estimated cost includes the price of the unit as well as the cost of installation. Installation costs will vary depending on the complexity of the job, but for installation and labour alone, you can expect to pay between $1,000 and $3,000. Tankless Water Heater Installation Cost FactorsThere are several factors that will affect the cost of installing a tankless water heater. These include: 1. The Brand of Tank You Are InstallingIf you’re looking for a high-end tankless water heater, you can expect to pay more for the unit as well as the installation. Brands like Navien and IBC are known for their quality, so they will cost more than less popular brands. Here are some average prices for some of the most popular brands:
2. Fuel TypeThe fuel type of your tankless water heater will also affect the cost. Gas tankless water heaters are more expensive than electric, but they’re also more energy-efficient. Also, gas rates are much cheaper than electricity in some states and provinces, so it’s important to factor that into your decision. There are additional costs that you might incur for installing a gas or electric tankless water heater, and these are:
3. The Size of Unit You NeedThe size of the tankless water heater you need will be determined by the flow rate of the unit as well as the number of bathrooms in your home. For a standard 3-bedroom home, you will need a unit that has a flow rate of between 7 and 11 gallons per minute (GPM). If you have a 4- or 5-bedroom home, you will need a unit with a flow rate of between 11 and 15 GPM. A unit with a larger flow rate will, of course, be more expensive. 4. The Type of Company You Choose To Do The InstallationThe company you choose to install your tankless water heater will also affect the cost. If you hire a professional company, you can expect to pay more than if you do it yourself or hire a handyman. Professional companies have overhead costs that they need to cover, so their prices will be higher. However, they will also have the experience and knowledge to install the unit correctly, so it’s worth paying more for a professional installation. 5. Running New Gas Lines For The Tankless Water HeaterIf you’re installing a gas tankless water heater, you may need to run new gas lines to the unit. This will add to the cost of installation, but it’s necessary to ensure that the unit is installed professionally because gas lines are complex and might cause an explosion if not installed properly. 6. City PermitsSome cities require a permit for installing a tankless water heater, and this will add to the cost of installation. The permit fee is usually around $50 to $400, depending on the city. Also, if you are consulting a contractor, they should be able to tell you if a permit is required. 7. Tax Credits and RebatesYou may be eligible for a tax credit or rebate if you install a tankless water heater. The amount you’ll receive will depend on the type of unit you install and the state or city you live in. For example, if you install a condensing tankless water heater in British Columbia, Canada, you will get up to $1000 in rebates from FortisBC, BC Hydro, and CleanBC. This is intended to encourage the use of energy-efficient technology and help customers save money on their power bills while reducing their carbon footprint. Why You Should NEVER Look For The Cheapest Installation CostWhen it comes to tankless water heater installation, you should never choose the contractor with the lowest price. This is because they may not be properly licensed or insured, and they might not have the experience necessary to install the unit correctly. A poorly installed tankless water heater can cause a lot of problems, including:
So, while it might be tempting to save money by hiring the cheapest contractor you can find, it’s not worth the risk. Always choose a reputable company with experience in installing tankless water heaters. How to Find a Certified Tankless Water Heater InstallerWhen you’re ready to install your tankless water heater, here are some tips for finding a certified installer: 1. Check with the manufacturerMost manufacturers have a list of certified installers on their websites. This is a good place to start because you know that these installers have been trained by the manufacturer and are familiar with their products. 2. Ask your friends and familyIf someone you know has recently installed a tankless water heater, ask them who they worked with and if they were happy with the service. Don’t forget to get the company’s contact details to schedule an appointment or consultation. 3. Check online reviewsBy searching for the keyword “tankless water heater installation companies near me” on Google, you can get a list of companies in your area. Also, there are many websites where you can read reviews of contractors, and this is a great way to find out if people have been happy with their services. Be sure to read both the positive and negative reviews to get a well-rounded view of the contractor. 4. Ask questionsWhen you’re talking to potential contractors, be sure to ask questions about their experience, training, and insurance. You should also ask for references from previous customers. ConclusionInstalling a tankless water heater can be a great way to save money on your power bills and reduce your carbon footprint. With the information in this guide, you should be able to get a good idea of the cost to install a tankless water heater and you will be guided in finding a certified installer in your area. If you are living in the Lower Mainland Canada and are looking for a tankless water heater installation company, feel free to give us a call or contact us through our website. At Your Guy Plumbing, we provide our customers with top-quality plumbing services at a fair price. We’ve been highly rated and recommended by our customers on Google and Facebook, and we’ve received hundreds of 5-star reviews. Most importantly, our team is licensed, bonded, and insured. Schedule a free consultation today to see how we can help you save money on your power bills! Frequently Asked QuestionsHow long does a tankless water heater last?Tankless water heaters typically last 20 years or more. This is much longer than a traditional tank water heater, which only lasts 8-12 years. We’ve created a more detailed guide on how long tankless water heaters last in this article: How long Does a Water Heater Last? Your Questions Answered How to properly maintain a tankless water heater?One of the most important things you can do to maintain your tankless water heater is to keep it clean. A build-up of minerals can lead to corrosion and scale, which can reduce the efficiency of your unit and shorten its lifespan. You should flush your unit regularly according to the manufacturer’s instructions. You also need to consult your owner’s manual to find out what type of water filter is recommended for your model. Another important factor in maintaining your tankless water heater is to keep an eye on the temperature and pressure relief valve. This valve releases water if the temperature or pressure gets too high. If the valve is stuck or not working properly, it could cause serious problems. It is also recommended to have your tankless water heater checked by a professional every few years to make sure everything is in working order. What is the downside of a tankless water heater?In addition to high upfront costs, tankless water heaters have several other disadvantages compared to tank-style water heaters: they take longer to deliver hot water. the water temperature is inconsistent when multiple outlets are on simultaneously. they cannot provide hot water during a power outage.
Is it worth it to install a tankless water heater?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.
Why are tankless water heaters so expensive?Tankless water heaters have a higher initial price compared to tank heaters, costing homeowners between $1,200–$3,500. The higher cost is a result of a more labor-intensive set-up, as new gas and water lines are required for installation. For electrical tankless heaters, new electric wiring will need to be installed.
What is cheaper to run tank or tankless water heater?Operating Costs & Energy Savings
The Department of Energy estimates homeowners save approximately $100 per year on energy costs when they use a tankless water heater versus a tank model. Homes that average daily hot water use of 41 gallons or less save up to 34 percent on energy bills versus storage tank water heaters.
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Cost to have a tankless water heater installed
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