Tankless Electric Water Heater
Installation cost: $800 – $2,500
Installed Cost
$800–$2,500
Lifespan
15-20 years
Efficiency
Very High
Is a Tankless Electric Water Heater Right for You?
Best for: Point-of-use or small homes
The tankless electric water heater offers very high energy efficiency with a typical lifespan of 15-20 years. When comparing total cost of ownership, consider the upfront installation cost alongside annual energy costs for your local utility rates.
Installation Cost Breakdown
| Cost Component | Estimate |
|---|---|
| Unit / Equipment | $480–$1,500 |
| Labor (installation) | $240–$750 |
| Permits & inspection fees | $50–$200 |
| Old unit removal & disposal | $50–$150 |
| Total Installed | $800–$2,500 |