Here is how much it costs to install an electric tankless water heater.
Do you want to install this model of water heater? It would be best to grasp what goes into the mounting cost of an electric tankless water heater.
As you read on, you’ll get the answers you seek and more Until then, let’s learn what this heating mechanism is about.
Cost To Install Electric Tankless Water Heater
An electric tankless water heater is a new technological advancement to supplant the customary ones. The mechanism supplies cozy water upon request and heats only the required quantity.
Moreover, it is portable and can be used as a faucet. What’s more? It consumes only a little power, which is ideal for saving cash on the monthly utility bill.
What’s an Electric Powered Tankless Water Heater?
You can also call it a consumer-type or simultaneous heater.
The mechanism heats water simultaneously without using a reservoir. This heating system consumes less power than the storage heaters mentioned above.
Whenever you turn it on, cold water will flow through a heat converter in the unit. The mechanism can supply 2–5 gallons of hot water per hour.
Experts say the system is more effective than its counterpart, which is powered by gas. Besides heating your water quickly and at the time of need, this device has other perks.
Electric Tankless Water Heater Installed Price
Setting up this machine will cost around $150 to $700. But in some regions, such a project may cost up to $500–$1,500.
Furthermore, if you’re mounting this system for the whole house, it costs between $1,150 and $1,200.
All these charges include mounting the heater, connecting the cold water to the unit, adding a circuit to the electrical panel, wiring the water heater, and more.
Factors Influencing the Price of Mounting
Remember that certain factors may affect the mounting cost.
Among them are the brand, labor, size, price of additional equipment, and more. Let’s briefly review a few of these factors to understand them better.
Brand or Model
Typically, an electric tankless water heater’s brand, style, and flow rate can impact its mounting cost. For instance, installing a premium brand such as Rheem will cost you $250-$725, and Stiebel Eltron $160-$875.
Other brands like Bosch cost $175-$885, AO Smith $370-$815, Eemax $200-$875, Atmore $140-$735, EcoSmart $230-$925, Noritz, etc.
Type of System
Some of these mechanisms come as a whole-house system and one point of the service unit. The whole-house heating system costs more to install compared to its counterpart.
Installing such water heaters may take a lot of energy and time. This is why you should evaluate your home’s warm water needs before deciding which system to buy.
As mentioned above, installing one point-of-service water heater costs less. The mounting process takes little time and effort.
Labor also counts a lot in the mounting price of the electric tankless water heater.
How much you’ll spend depends on the length of time and other considerations—usually, switching one type of heater to another cost more than replacing a new one.
Moreover, electrical and plumbing work can add to the mounting cost.
Most local plumbers typically collect $45 to $150 for installation. It will cost more if you need additional electrical work, such as wiring, a new outlet, or a circuit.
They often charge between $50-$100 per hour.
You may be asking how the size of these systems will affect the installation price. Off course, it does significantly impact its cost. The larger your heating system, the more money you pay.
Electric tankless water heaters less than 6kW cost $100-$225 on installation. Then heaters less than 32-36kW cost $435 to $800. Medium size of 15-18kW may cost you $365-$550.
Similarly, the accessibility to the installation site can impact its installation cost.
If your home is located in areas that are challenging to access, it may increase the mounting price, likewise, if there’s a need for additional materials to complete the project.
But on average, having your water heating system fully mounted may cost you between $100 to $1000.
License and Inspection Cost
In most states, you’ll need a license to conduct new electrical wiring, plumbing, or new water line installation. The cost of a permit depends on which region you reside in.
However, the general cost of an electric license to install this heater model is around $65 to $150. Then a plumbing permit for this device ranges from $60 to $125.
You can check with your state to know the actual price of obtaining these licenses.
Duration of an Electric Tankless Water Heater Installation
Mounting this system on the wall or anywhere else takes little time. In a single day, everything can be put in place.
However, if a subpanel must be installed or new water lines are added, it will take two or more days. It’s much easier to replace any electric tankless heating unit than to add new plumbing and electrical systems.
For instance, a whole house installation with new plumbing and electrical takes 6–12 hours. Then for the entire house, installation with existing plumbing and electrical systems will take 3-6 hours.
One point-of-use installation using existing electricals will take 2-5 hours. Then for the same mounting with new wiring, it will take 3–6.5 hours.
Best Electric Tankless Water Heater to Buy
Having seen the mounting cost of this heating unit, do you know the best brand to buy? If not, don’t worry; you’ll find out soon enough. There are top-rated electric tankless water heaters in the market.
They are available in different sizes to meet specific points of use or whole house needs. How much you’ll buy depends on which retailer you opt for.
Meanwhile, reputable heaters include the Bosch Tronic 3000, EcoSmart Eco 18, and Stiebel Eltron Mini 6. Others are Stiebel Eltron Tempra 24, Eemax, 36, Rheem RTEX-27, and more.
It’s essential to have this model of the heater in your home. As you can see above, it heats water when you need it without consuming much energy.
While buying one, you must consider the installation cost upfront. This will help you make an appropriate budget and make your mission successful.