Tankless water heaters are becoming more and more popular as they offer a lot of benefits over a traditional tank-style water heater. Not only do they take up less space, they also last longer and use less energy. However, one of the main questions people have about tankless water heaters is how much do they cost?
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The first thing you need to do is figure out the size of the unit you need for your home. Tankless water heaters come in a variety of sizes, so it’s important to get the one that’s just right to meet your needs. Once you know the size, you can start looking into prices.
Tankless water heaters typically cost between $3500 and $5500, including basic installation. Tankless water heaters use less energy than traditional tank-style water heaters, so you’ll see savings on your energy and utility bills immediately. The initial cost of the unit is higher, but the average lifespan is twice as long as a regular water heater. The added benefits along with lower monthly utilities and never running out of hot water make them a great option for any home.
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