What is the approximate cost of tankless water heaters?
Tankless water heaters range in price from $200 for a small under-sink unit up to $1000 for a gas-fired unit that delivers 5 gallons per minute. Typically, the more hot water the unit produces, the higher it will cost. The installation costs of tankless water heaters are from 2 – 4 times higher than tank-type water heaters. For gas tankless hot water heaters, the same gas supply line and/or venting may need to be sized larger than for a typical gas tank. Electric tankless water heaters draw more power and will require multiple circuits and/or heavier cable, which will increase installation costs. What are the limitations of having a tankless water heater? Electric units will draw more instantaneous power than tank-type water heaters. If electric rates include a demand charge (ie Time-of Use Rate), operation may be more expensive. More complicated electronics in tankless systems may require more attention than conventional tank units. You’ll see the major limitation of electric point-of
