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How Much Does It Cost to Run a Electric Tankless Water Heater in Australia? (2026)

Electric tankless heaters draw enormous power, 12 to 36 kW, but only while hot water is flowing. They avoid the standby losses of a tank, saving 10 to 30 percent for most households, but need heavy wiring.

A typical electric tankless water heater (18,000 W) costs A$6.30 per hour, or about A$141.75 per month at 0.75 hours a day in Australia. Expensive to run

WattagePer hourPer dayPer monthPer year
Low (12,000 W)A$4.20A$3.15A$94.50A$1,150
Typical (18,000 W)A$6.30A$4.72A$141.75A$1,725
High (36,000 W)A$12.60A$9.45A$283.50A$3,449

Formula: watts ÷ 1000 × hours × price per kWh. Typical use is 0.75 h/day ≈ 4,928 kWh per year.

In Australia, with electricity at A$0.35 per kWh (source: AER Default Market Offer 2026–27, 2026-07), a typical electric tankless water heater costs A$6.30 per hour and about A$1,725 per year at 0.75 hours a day. Each A$1.00 of electricity buys roughly 0.2 hours of use.

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How to lower the cost of running a electric tankless water heater

In standby it draws about 2 W, which adds roughly 18 kWh (A$6.13) per year if it is never unplugged.

Frequently asked questions

How much does a tankless water heater cost per month?

About 400 kWh a month for a family of four, roughly 10 to 30 percent less than a tank.

Do tankless heaters use a lot of electricity?

A lot at once, but for short periods. Total use is typically lower than a tank.

Do I need a panel upgrade for an electric tankless heater?

Often yes. Whole-house units need 100 amps or more of dedicated capacity.

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Use the generic electricity cost calculator →