A tankless water heater can be a great investment for your home. Not only can it save you money on your energy bills, but it can also provide an endless supply of hot water. However, before you make the decision to install a tankless water heater, you need to know how much it will cost.
Electric tankless water heaters are the most affordable option, with prices ranging from $2000 to $7,000. Gas tankless water heaters are more expensive, with prices ranging from $3,000 to $7,500.
The estimated cost includes the price of the unit as well as the cost of installation. Installation costs will vary depending on the job's complexity, but for installation and labour alone, you can expect to pay between $1,000 and $3,000.
Here are some factors affecting tankless water heater installation costs:
The type of tankless water heater you choose will have a big impact on the cost of installation. Tankless water heaters come in two basic types: electric and gas. Electric tankless water heaters are less expensive to install than gas models, but they are also less energy-efficient. Gas tankless water heaters are more expensive to install, but they are more energy-efficient and will save you money on your energy bills over time.
The size and capacity of the tankless water heater you choose will also affect the cost of installation. A larger unit will cost more to install than a smaller one, but it will also be able to provide more hot water for your home. If you have a large family or you entertain often, you will need a larger unit to meet your hot water needs.
The complexity of the installation job will also affect the cost of installation. If you have a simple installation, such as replacing an old water heater with a new one, the job will be less expensive than if you are installing a tankless water heater in a new home or adding one to an existing home. The more complex the installation, the more it will cost.
The cost of labour will also affect the cost of installation. If you hire a professional to install your tankless water heater, the job will be more expensive than if you do it yourself. However, if you do it yourself, you will need to factor in the cost of materials, such as pipes and fittings, and the cost of your time.
The cost of materials will also affect the cost of installation. If you need to purchase new pipes and fittings for your installation, the job will be more expensive than if you already have the materials on hand.
The type of tankless water heater you choose will also affect how much the installation will cost. If you are installing a brand name unit, such as Rinnai or Bosch, the job will be more expensive than if you were installing a generic brand.
A tankless water heater can cost anywhere from $800 to $2,500 to install, depending on the size and type of unit, as well as the complexity of the installation. Factors such as the age and condition of your home's plumbing, the type of fuel you use, and whether you need to make any modifications to your home's electrical system can all affect the cost of installation. However, despite the initial investment, tankless water heaters can provide significant savings over time, since they are much more efficient than traditional tank water heaters.
If you need plumbing repair services in Calgary, don’t hesitate to call ERM Plumbing & Heating. Our company was established in 2010 with a simple vision to help people with plumbing and heating problems. Contact us now and get your pipes fixed right away.