Electric tankless water heaters typically range in price from $150 to $1,500, depending on various factors such as brand, capacity, and features. Basic models, suitable for small households or point-of-use applications, can start at around $150 to $300. These units generally have lower flow rates and are ideal for single fixtures like a bathroom sink or a shower.
Mid-range models, which can handle multiple fixtures or small homes, usually cost between $300 and $700. These units offer higher flow rates and may include additional features like digital displays or remote controls.
High-end models, designed for larger homes or those with higher hot water demands, can range from $700 to $1,500. These units often come with advanced features such as Wi-Fi connectivity, precise temperature control, and energy-saving modes.
Installation costs should also be considered, as they can vary significantly based on the complexity of the installation and local labor rates. On average, professional installation can add $300 to $1,500 to the total cost, depending on factors like electrical upgrades or modifications to existing plumbing.
In summary, the total cost of an electric tankless water heater, including installation, can range from approximately $450 to $3,000.