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Potential Installation Costs and Incentives
The cost to install a tankless water heater can vary depending on factors such as the model, the complexity of installation, and your location. On average, installation costs range from $1,000 to $3,5003. However, it's crucial to consider potential savings from energy efficiency and available incentives. Many utility companies and government programs offer rebates or tax credits for energy-efficient upgrades, which can significantly offset the initial cost4.
Exploring Your Options
To find the best tankless water heater for your needs, it's essential to compare different models and brands. Consider factors such as flow rate, energy efficiency ratings, and warranty options. Consulting with a professional installer can also provide valuable insights into which system will best suit your household's hot water demands.