Tankless water heaters are becoming increasingly popular due to their energy efficiency, space-saving design, and ability to provide hot water on demand. However, one of the main questions people have when considering a tankless water heater is how much they cost.

One Point

Single-point tankless water heaters are also known as point-of-service tankless water heaters. They typically come in three packs. A big-box retailer will sell each for between $145 to $250. These packs range in price from $435 to $775. Single-point water heaters are ideal for homes with extensive plumbing. Point-of-service tankless water heaters provide water heating that is more efficient and provides a direct path to the water source.

Whole House

The average cost of whole-house tankless water heaters is between $200 and $2300 for both electric and gas-powered models. Gas-powered heaters are usually more expensive than electric tankless water heaters.

The price range for electric tankless water …