Tankless Water Heater Vs Tank Cost

Along with their longer lifespan tankless water heaters are known to have reduced monthly energy bills helping offset their higher purchase price.

Tankless water heater vs tank cost.

However high efficiency tank water heaters can be pricey running up to 1 500 uninstalled. This means when you are simultaneously taking a shower and doing laundry the tankless water heater may fail to keep up with the hot water demand of both. They can be output challenged. 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.

Tankless water heaters tend to cost more up front than storage. The cost of a tankless water heater can range anywhere from 2 000 4 500 compared to a storage tank water heater which ranges from about 500 800. Depending on what your plumber charges per hour installation can be 600 to 800 if the existing hookups are compatible. The mr50245 shows exactly what this brand is about offering durability strong performance and excellent efficiency ratings too.

Most conventional water heaters cost 300 to 600 less than half the cost of tankless varieties.