As a home improvement specialist with years of experience in the industry, I have a deep understanding of the various aspects of home installations, including the installation of tankless water heaters. When it comes to the cost of purchasing a tankless water heater, there are several factors to consider.

Firstly, the type of tankless water heater you choose will greatly influence the cost. There are different types available, such as gas-powered, electric, and even solar-powered models. Each type has its own set of advantages and disadvantages, and the price can vary significantly between them.

Secondly, the brand and model of the tankless water heater are also important factors. Some brands are known for their quality and reliability, which can come at a higher price. The model you choose will also affect the cost, as more advanced models with additional features will typically be more expensive.

Thirdly, the capacity of the water heater is a crucial consideration. If you have a large family or if you need hot water for multiple uses simultaneously, you will need a higher capacity model, which will naturally be more expensive.

Additionally, the installation process can add to the overall cost. Some homes may require significant retrofitting to accommodate a tankless water heater, which can increase the cost. However, if your home is already set up for a gas or electric water heater, the installation process may be simpler and less costly.

Another factor to consider is the energy efficiency of the tankless water heater. More efficient models may have a higher upfront cost, but they can save you money in the long run by reducing your energy bills.

Lastly, the region where you live can also affect the cost. Prices can vary depending on the local market and availability of materials and labor.

On average, as of my last update in 2017, the cost of a tankless water heater, including installation, is approximately $3,000. However, this is just an average and the actual cost can be higher or lower depending on the factors mentioned above.

It's also worth noting that while the initial cost of a tankless water heater may be higher than a traditional tank water heater, the long-term savings in energy and maintenance can make it a worthwhile investment. It's important to do your research and consider all the factors before making a decision.

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But these devices don't come cheap: the average cost of a tankless water heater, with installation, is approximately $3,000. The total cost depends on the model chosen and whether your home requires retrofitting.Sep 12, 2017read more >>