A tankless water heater installed in Miami, FL typically runs $2,800–$5,500 total, versus $1,400–$2,800 for a standard tank. The unit itself is $800–$1,500; the rest is labor, venting, and often a gas-line or electrical upgrade. Tankless pays off in high-use homes; in low-use homes the tank is usually the smarter buy.
Typical installed range in Miami, FL: $2,800–$5,500 tankless vs $1,400–$2,800 tank. Federal and utility rebates may apply — ask the installer to itemize them.
Get two itemized quotes. If one is far cheaper, it's usually skipping the venting or gas-line work the other included.
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Data by Servik — verified local pros from official license records and public sources. Cost figures are typical ranges, not quotes; a pro's written estimate is the real number.