Best 5 Tankless Water Heater For Under 500

Looking for an affordable tankless water heater that doesn’t compromise on performance and efficiency? We’ve curated a list of the top five tankless water heaters available for under $500. These options combine affordability with reliability, making them ideal choices for budget-conscious homeowners. Let’s dive into the introduction of these remarkable tankless water heaters:

Top Rank

Name Product

RattingĀ 

Price

EcoSmart ECO 27 4.5 Check Amazone
Rheem 240V Rheem RTEX-13 4.5 Check Amazone
Stiebel Eltron 202151 DHX Stiebel Eltron 202151 DHX 4.3 Check Amazone
Rinnai V65iN Natural Gas Rinnai V65iN 4.6 Check Amazone
Takagi T-H3M-DV-N Takagi T-H3M-DV-N 4.7 Check Amazone

 

When it comes to choosing the best tankless water heater awnings, there are several factors to consider, such as durability, design, and ease of installation. These awnings not only protect your tankless water heater from the elements but also enhance its performance and prolong its lifespan. In this guide, we will introduce you to the top options available in the market, ensuring that you make an informed decision and find the perfect awning for your tankless water heater. Let’s explore the best tankless water heater awnings and their features.

1# EcoSmart ECO 27 Electric Tankless Water Heater

ALPS Mountaineering Aero Awning, Gray/Blue, One Size
  • Brand : EcoSmart
  • Item Dimensions : LxWxH 3.63 x 17 x 17 inches
  • Color : White
  • Wattage : 27 KW
  • Voltage : 240 Volts

With its self-modulating technology and ability to provide hot water for multiple showers and faucets simultaneously, the EcoSmart ECO 27 is a standout option. This compact unit maximizes energy efficiency by adjusting power usage based on demand, helping you save on utility bills.

Pros :

  • Energy Efficiency
  • Continuous Hot Water
  • Compact Design
  • Digital Temperature Control
  • Long Lifespan

Cost :

The cost of the EcoSmart ECO 27 Electric Tankless Water Heater varies depending on the retailer and any ongoing promotions or discounts. However, as of the latest information available, the price range for the ECO 27 typically falls between $400 and $600. It is important to consider that the upfront cost may be higher than traditional tank water heaters, but the long-term energy savings and efficiency of the ECO 27 can offset this initial investment.

It’s always recommended to check with local retailers or online platforms to get the most up-to-date pricing information for the EcoSmart ECO 27 Electric Tankless Water Heater.

2# Rheem RTEX-13 Electric Tankless Water Heater

Rheem 240V

ALPS Mountaineering Aero Awning, Gray/Blue, One Size
  • Brand : Rheem
  • Item Dimensions : LxWxH 12.63 x 8.25 x 3.63 inches
  • Color : Gray
  • Wattage : 13 KW
  • Voltage : 240 Volts

Designed for single-point use, the Rheem RTEX-13 is perfect for smaller applications like bathrooms or apartments. This energy-efficient model offers precise temperature control, ensuring hot water on demand while minimizing energy consumption.

Pros :

  • Compact Design
  • Energy Efficiency
  • Continuous Hot Water
  • Temperature Control
  • Durable Construction

Cons :

  • Limited Capacity
  • Initial Cost

It’s important to consider these pros and cons in relation to your specific hot water needs and installation requirements when considering the Rheem RTEX-13 Electric Tankless Water Heater.

3# Stiebel Eltron 202151 DHX

Stiebel Eltron 202151 DHX

ALPS Mountaineering Aero Awning, Gray/Blue, One Size
  • Brand : Stiebel Eltron
  • Item Dimensions : LxWxH 4.31 x 8 x 14.13 inches
  • Color : White
  • Voltage : 240 Volts
  • Heat Output : 14400 Watts

The Stiebel Eltron Tempra 20 Plus combines compactness, quiet operation, and advanced flow control technology to deliver a reliable supply of hot water. With its digital display for easy temperature adjustment and energy monitoring, this unit offers both convenience and efficiency.

Pros :

  • Energy Efficiency
  • Space-Saving Design
  • Endless Hot Water Supply
  • Advanced Technology

Cons :

  • Higher Initial Cost
  • Maintenance and Service

Please note that these pros and cons are general considerations and may not specifically apply to the Stiebel Eltron 202151 DHX model. It’s always recommended to consult the manufacturer’s documentation or reach out to Stiebel Eltron directly for specific information on a particular model.

4# Rinnai V65iN Natural Gas Tankless Water Heater

Rinnai V65iN Natural Gas

ALPS Mountaineering Aero Awning, Gray/Blue, One Size
  • Brand : Rinnai
  • Item Dimensions : LxWxH 12.8 x 30.51 x 17.32 inches
  • Color : White
  • Voltage : 120 Volts

If you prefer a natural gas option, the Rinnai V65iN is a top choice. This powerful tankless water heater provides a high flow rate and consistent hot water supply. Designed for residential and light commercial use, it offers temperature control options and is built to last.

Pros :

  1. High Flow Rate
  2. Continuous Hot Water
  3. Energy Efficient
  4. Space-Saving Design
  5. Longevity

Cons :

  • Professional Installation Required
  • Venting Considerations
  • Initial Cost
  • Limited by Gas Supply

These pros and cons provide a general overview of the Rinnai V65iN Natural Gas Tankless Water Heater. It’s important to consult the manufacturer’s documentation and consult with a professional installer to assess your specific needs and ensure compatibility with your home’s infrastructure.

5# Takagi T-H3M-DV-N Tankless Water Heater

Takagi T-H3M-DV-N

ALPS Mountaineering Aero Awning, Gray/Blue, One Size
  • BrandĀ  : TAKAGI
  • Item Dimensions : LxWxH 17.75 x 13.12 x 29.5 inches
  • Color : White
  • Voltage : 120 Volts
  • Maximum Flow Rate : 6.6 Gallons Per Minute

Takagi T-H3M-DV-N Tankless Water Heater is a powerful and efficient option for residential and light commercial applications. Its high efficiency and condensing technology ensure optimal energy usage, helping to reduce utility bills. The compact design allows for flexible installation in various locations, while still delivering a continuous supply of hot water, even during peak demand. With advanced safety features and durable construction, the T-H3M-DV-N offers reliability and peace of mind. However, it’s essential to consider the specific installation requirements and consult with a professional to ensure proper sizing and installation. Overall, the Takagi T-H3M-DV-N is a reliable and efficient tankless water heater that provides hot water on demand for your everyday needs.

Pros :

  • High Efficiency
  • Continuous Hot Water
  • Compact Design
  • Advanced Safety Features
  • Durable Construction

Cons :

  • Professional Installation Required
  • Initial Cost
  • Venting Requirements
  • Maintenance

Please note that these pros and cons are general considerations and may not cover every aspect of the Takagi T-H3M-DV-N Tankless Water Heater. It is always recommended to consult the manufacturer’s documentation and consider your specific needs and installation requirements before making a purchase.

In conclusion, if you’re looking for a tankless water heater under $500, there are several great options available. These five tankless water heaters offer a balance of affordability, efficiency, and performance.

Ultimately, the best choice for you will depend on your specific hot water needs, available utilities, and installation requirements. It is recommended to consider factors such as flow rate, energy efficiency, size, and features when making a decision.