How much do tankless water heaters cost?

While your initial investment in a tankless water heater is more than a traditional tank water heater, they last longer - resulting in savings over the life of the unit.

Answer

Generally, a tankless water heater will cost about 2 to 2-1/2 times as much as a standard water heater to purchase and install.  Keep in mind that in addition to lower operating costs, 2-3 times longer life of the unit and usable square footage is gained by choosing a tankless solution!