How Much Does A Tankless Water Heater Cost

tankless water heaterThe unfortunate truth is that individuals are often hesitant to pursue the installation of a tankless water heater due to its price. So how much does a tankless water heater cost? Is it worth it to go tankless? The estimated cost of a tankless water heater installation typically ranges between $800 and $1,000. The factors that help determine the final cost of the installation job include:

• Average hourly labor wages
• The cost of transporting any needed materials
• The cost of preparing a site for the tankless water heater installation
• The cost of cleaning up the site after the installation job is complete

There are other factors not included in the estimation that will raise the cost. These factors include:

• Any sales taxes
• Any general contractor fees
• Any general labor costs

When you are looking to get a tankless water heater quote make sure you chose a company that specialized in exactly what you need.

What are the Advantages of Going Tankless?
With traditional hot water heaters, it is going to provide you with so many gallons of hot water at one time. Chances are pretty good that you are going to have to choose between taking a shower, running your dishwasher, or doing a load of laundry. Once you have used up the hot water supply you are going to have to wait anywhere from 20 to 60 minutes for the heater to heat up more water.

A tankless water heater is only going to supply you with hot water when you need it. This means that when you turn on the faucet you are going to be immediately supplied with hot water every single time.

The best part is that installing a tankless water heater is very cost efficient. While the initial cost is a little daunting, the energy it allows you to save every month is going to lower the cost of your light bill. In fact, statistics show that families are able to save over $200 a year thanks to tankless water heater installation.