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Cost and Installation Insights
The cost of a tankless water heater can vary based on several factors, including brand, capacity, and installation complexity. On average, the unit itself can range from $500 to $2,000, with installation costs adding another $1,000 to $3,0002. While the initial investment might seem steep, the long-term savings on energy bills and the extended lifespan of tankless heaters, which can last over 20 years, often justify the cost.