Created by potrace 1.15, written by Peter Selinger 2001-2017


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Tankless Water Heater Prices: Cost to install a tankless system in Vancouver BC

Many people are interested in the benefits of a tankless water heater, but have a hard time finding out the cost to install one. We have decided to post some “ballpark prices” just to give homeowner’s a general idea of the costs involved. FortisBC has also published price ranges you can expect to pay.

Ballpark prices for a tankless water heater installation

System Type Typical Good Guys Price FortisBC Price Guide
Non-condensing tankless water heater $2000-$2500 $2000-$4000
Condensing tankless water heater $4000-$4500
(2021 update: $5500)
Condensing hybrid water heater $4000+ $3500-$4500
Condensing storage tank $4000+
($7000+ to provide both space and water heating)
Standard hot water tank (for comparison) $1300
Energy Star hot water tank $1700 ($200 FortisBC rebate available)

These are intended as a general guide, so you can see if a tankless water heater is likely within your budget. Actual costs can vary widely according to your home’s needs. Call 604 GOOD GUY (604 466 3489) to schedule an in-home quotation and consultation on a new tankless water heater. Our comfort advisor will evaluate your home and determine the exact cost to install a tankless water heater.

Note that our prices for non-condensing tankless units are towards the lower end of FortisBC’s price range, while the prices for our condensing models are near the upper end. This is because non-condensing models are usually much easier to install and homeowners who choose them usually install lower capacity modes. Condensing models are usually much more difficult to install and homeowners who choose them also usually install higher capacity models.

FortisBC is offering rebates of $1000 on high efficiency tankless water heaters.

Learn the pros and cons of a tankless water heater on our tankless water heaters page.

To schedule a hot water tank installation or a quote on a tankless water heater, call 604 GOOD GUY (604 466 3489) or use our online form.

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