This adds around $300–$600 to the water heater’s price, plus $300–$500 for more wiring and electrical work. Power venting uses a fan to push exhaust air out of your home. You’ll also decide between power venting and direct venting models. Gas and electrical models are available for both tankless and tank water heaters, each with pros and cons. Tankless water heaters also last longer, with a typical life span of about 20 years. They have an efficiency factor (EF) of 0.92%–0.94%, meaning they effectively convert 92%–94% of their energy to heated water. Though priced higher than tank options, tankless heaters generate more energy savings. Electrical tankless heaters require new electric wiring.
This is because they’re more labor-intensive to install, as they require new gas and water lines. Tankless water heaters cost more than tank options, ranging from $1,200–$3,500. They’re smaller than a tank unit, so they can also be mounted to a bathroom or bedroom wall. Like hot water storage tanks, tankless units can be stored in a basement or utility closet. They use a gas burner or electricity to heat the water pipe, supplying water on demand. Tankless water heaters work by heating water as needed. Tank water heaters use 58%–60% of energy to heat your water effectively, and they last for around 8–12 years. This means higher utility bills and a shorter life span.
This makes them less expensive, running between $820 and $1,290.Īlthough a more affordable option, tank heaters are less energy-efficient since they constantly run to maintain the desired tank temperature.
#50 gallon water heater install#
Storage tank water heaters are easier to install than their tankless counterparts, requiring about three hours of labor. Tank water heaters typically use electricity or natural gas. They’re installed out of sight, often in a garage, basement, or utility closet. Storage tank water heaters constantly hold and heat gallons of water. Tank and tankless water heaters are two of the most common types of water heaters available.
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