The average cost for a tankless water heater installation is 1 985 or between 1 470 2 510 if your home needs to be rewired it can easily add 3 000 or more to the cost of installing a tankless water heater.
On demand tank install in attic.
Indoor tankless systems are installed in the same way that a tank based system would be.
In most cases installing your tankless water heater in the same location as your old conventional tank type water heater will make the most sense.
Tankless water heater cost.
Department of energy estimates that in homes using 41 gallons or less of hot water on demand tankless units can conserve between 24 to 34 more energy than tank water heaters.
Installing a tankless water heater is a greater upfront investment but these units can significantly cut the cost of monthly utilities.
Simply put as long as there is enough combustion air provided tankless water heaters can be installed in any area of your home from a utility room to a garage to yes even an old dusty attic.
Regardless of your installation location your water heater should be installed in a manner that will not allow combustible materials to come in contact with the water heater or outlet water pipe.
Tankless water heaters cost around 2 3 times more than traditional storage tanks.
It can also be installed in a location where a tank based water heater may not fit such as a bedroom or bathroom.
As long as your tankless water heater has enough combustion air it can be installed in a utility room garage basement attic or placed on an outside wall.
The only exception is the lack of a storage tank.