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InsightHorizon Digest

What is the best tankless water heater 2021?

Author

William Taylor

Updated on March 14, 2026

What is the best tankless water heater 2021?

Best tankless water heaters

  1. Best overall: Rinnai RUR160iN Water Heater. Courtesy of Amazon.
  2. Editor’s pick: Rinnai RU130iN. Courtesy of Amazon.
  3. Best for low prices: EcoSmart Eco 18 Electric Tankless Water Heater. Courtesy of Amazon.
  4. Best electric tankless water heater: Rheem RTEX-24.
  5. Best point-of-use heater: Bosch Tronic 3000.

How much does a new tankless water heater cost?

A tankless water heater is one way to ensure that you never again experience any unexpected cold showers. But these devices don’t come cheap: the average cost of a tankless water heater, with installation, is approximately $3,000.

How much to install tankless water heater?

Electric tankless water heaters also cost less to install than gas units. The installation costs for electric systems range from $800 to $1,500, while installation for gas units cost between $1,000 and $1,500.

How much does it cost to replace a hot water tank?

Total cost to replace a water heater, tank style, mid-size and average quality, is about $700, including the heater, related materials, labor, and disposal of the old unit. The cost to install a tankless water heater is closer to $1000, not including any gas line upgrades that may be required.

How much electricity does a water heater use?

Electric water heaters are typically running for 3 hours a day to heat water, newer more efficient models may run for only half the time during each day. A typical water heater will use around 4000 watts.

A tankless water heater is one way to ensure that you never again experience any unexpected cold showers. But these devices don’t come cheap: the average cost of a tankless water heater, with installation, is approximately $3,000.

Electric tankless water heaters also cost less to install than gas units. The installation costs for electric systems range from $800 to $1,500, while installation for gas units cost between $1,000 and $1,500.

Total cost to replace a water heater, tank style, mid-size and average quality, is about $700, including the heater, related materials, labor, and disposal of the old unit. The cost to install a tankless water heater is closer to $1000, not including any gas line upgrades that may be required.

Electric water heaters are typically running for 3 hours a day to heat water, newer more efficient models may run for only half the time during each day. A typical water heater will use around 4000 watts.