Cost to Tankless Water Heater Installation in Memphis, TN

$1,230–$3,690 in Memphis

18% below the national average · 0.82x cost multiplier

Expect to pay $1,230–$3,690 for a tankless water heater installation in Memphis, about 18% below the national benchmark. The Southeast region's contractor market and material costs account for most of this difference. The detailed breakdown below shows how budget, mid-range, and premium projects compare at Memphis prices.

Cost Breakdown in Memphis

Line Item	Low	Mid	High
Cost per unit	$656	$2050	$3690
Materials	$574	$984	$1,640
Labor	$492	$738	$1,476
Permits	$164	$246	$410
Total	$1,230-18% vs. national avg	$1,968-18% vs. national avg	$3,526-18% vs. national avg

Budget

Whole-house gas tankless, direct replacement near existing lines, standard venting

Mid-Range

High-efficiency gas unit (0.95+ EF), new venting run, code-compliant install

Premium

Top-tier unit, multiple units for whole-house, new gas line, recirculation pump

Material Options

Material prices below are national averages; availability in Memphis may shift costs slightly.

Material	Cost/Unit	Pros	Cons	Best For
Gas Whole-House Tankless	$1,500 - $3,500 installed	Handles whole-house demand, lower operating cost than electric, no tank to maintain	Requires gas line capacity check, higher upfront than tank, venting can be complex	Homes with existing natural gas service, families of 3-5 replacing a tank heaterHandles whole-house demand, lower operating cost than electric, no tank to maintain
Electric Whole-House Tankless	$1,800 - $4,500 installed	No venting required, compact size, good for homes without gas service	Often requires panel upgrade, high operating cost in cold climates, may need multiple units	Mild climates, homes without gas service, situations where venting is impossibleNo venting required, compact size, good for homes without gas service
Point-of-Use Electric Tankless	$300 - $800 installed	Cheap, no venting, instant hot water at the fixture, no heat loss in pipes	Only serves one fixture, still needs adequate electrical circuit	Remote bathrooms, garage sinks, supplementing a whole-house systemCheap, no venting, instant hot water at the fixture, no heat loss in pipes
Condensing Gas Tankless	$2,000 - $4,500 installed	0.96+ energy factor (highest efficiency), PVC venting is cheap and flexible	Higher unit cost than non-condensing, produces condensate that needs a drain	High-use households, homeowners wanting lowest operating cost, new installations0.96+ energy factor (highest efficiency), PVC venting is cheap and flexible
Outdoor-Rated Tankless Unit	$1,500 - $3,500 installed	No venting required, frees up indoor space, simpler installation	Not suitable for freezing climates, exposed to weather, freeze protection kit required below 32F	Warm climates (Southeast, Southwest), cabins, detached garagesNo venting required, frees up indoor space, simpler installation

Other Projects in Memphis

Full Kitchen Remodel

Full Bathroom Remodel

Roof Replacement (Asphalt Shingles)

Back to national average for Tankless Water Heater Installation

Memphis Estimate

Typical Range

$1,230–$3,690

vs. National Average

18% below national

Cost Multiplier

0.82x

Cost Per unit

$656–$3690

Estimates apply Memphis's 0.82x regional cost multiplier to national averages. Actual bids vary by contractor, project scope, and timing.

See national average costs →