Tankless Water Heaters Cost Nearly Double What a Traditional Tank Runs Upfront, Contractor Pricing Data Shows, yet the Break-Even Point Arrives Years Sooner Than Most Homeowners Ever Expect
A tankless water heater typically costs between $3,000 and $6,500 fully installed, compared with $1,700 to $3,200 for a traditional 50-gallon tank, according to contractor pricing data compiled by C&C Air Conditioning, Heating, Plumbing & Electric. That puts a tankless system at roughly 76% to 103% more expensive upfront, which is close enough to double … Read more