5 Considerations of Tankless Water Heater Cost in 78754 Austin, TX

Tankless water heaters are becoming increasingly popular in recent years. Where traditional water heaters come in 50-gallon tanks that gradually heat up and retain the heat, tankless water heaters, also known as instant water heaters, heat up water on-demand via electric coils, or gas burners. In many cases, tankless water heaters are more energy-efficient, practical, and cost-effective than their predecessors, making them a desirable choice for home and business owners alike. Those who are considering purchasing a tankless water heater, especially with regards to the cost, should consider the following five factors in order to determine whether a tankless water heater is best for them.

1. Cost of a Tankless Water Heater

Tankless water heaters come in all shapes and sizes, and accordingly, cost different amounts. The size, power, fuel type, and manufacturer all play a role in determining the price of the heater. On average, a basic electric tankless water heater costs anywhere between $200 and $600, while one powered by gas typically runs somewhere between $250 and $2,500. It's important to do your research and shop around to find the right size and power for your needs that won't break the bank.

2. Upfront Installation Costs

In addition to the cost of the tankless water heater itself, you should also consider the cost of installing said heater. Depending on the complexity of the installation, the cost of installing a tankless water heater can range anywhere between $800 and $2,500. On the bright side, such an expenditure may qualify you for tax credits.

3. Operating Expenses

The upfront cost of installation isn't the only cost to consider. Though, it's true that tankless water heaters are more energy-efficient than their predecessors, they still use electricity and/or natural gas, meaning you should keep an eye on your monthly utility bills. In addition to basic maintenance and repairs, you should also consider the cost of filters and replacement parts down the line.

4. Cost of Maintenance and Repairs

One of the most important things to consider when purchasing a tankless water heater is the cost of maintenance and repairs. Tankless water heaters typically require less maintenance than traditional water heaters, however, occasionally they do require maintenance or even repair. Depending on the issue, and depending on whether or not you employ a professional service like Abacus Residential and Commercial Plumbers to handle the issue, the cost of said maintenance or repair can fluctuate.

5. Cost of Replacement Parts

In some cases, it may be necessary to replace parts on your tankless water heater. Depending on the part, the cost of replacement parts ranges from as little as $20 to as much as $100. When shopping for tankless water heaters, it's important to include the cost of such parts in your initial budget, just as you factor in the cost of maintenance and installation.

Tankless water heaters are an innovative and efficient way to heat water on-demand. Thanks to their small size and low power consumption, they can be an ideal choice for homes and businesses lacking in space and funds. Before making the decision to purchase a tankless water heater, however, it's important to take into account all costs associated, such as installation, replacement parts, filters, maintenance, and more. With a proper budget and a little research, you can easily find the best water heater for you.

Tankless water heater

78754 Austin

TX