5 Factors to Consider When Thinking About the Cost of a Water Heater

If you are a property owner, you know that home maintenance needs can arise at any moment. It is essential that you are aware and prepared for these potential repairs and maintenance needs, so that you do not find yourself dealing with an unforeseen emergency later on. One of the most essential and expensive repairs that may surprising arise entails the installation or replacement of a water heater. It is important to stay informed and aware of the cost factors to consider when thinking about the cost of a water heater. Generally, water heater costs are determined by the following five factors: the type of water heater, the size needed, installation considerations, maintenance, and energy efficiency.

Type of Water Heater

The type of water heater that is being installed or replaced will significantly affect the cost. For instance, gas water heaters tend to run more expensive than electric water heaters. Gas water heaters do, however, offer a longer range of water heaters and more efficient heating.

Size Needed

The size of the water heater needed will also factor into the overall cost. Smaller models tend to run less expensive than larger models, as they require less energy and materials for production. Overall, all water heaters vary significantly in size and price.

Installation Considerations

The type of plumbing and installation required will greatly affect the cost of a new water heater. If the location of the water heater or the insulation is not up to standard, the cost of the installation can substantially increase. It is important to take these factors into consideration prior to moving forward with installation.

Maintenance

The cost of ongoing maintenance needs to also be taken into consideration. In order to keep a water heater running efficiently, it is essential that its components (including the anode rods, thermocouples, gas valves etc.) are regularly serviced or replaced.

Energy Efficiency

Energy efficiency is an important factor that should be taken into account when considering the cost of a new water heater. Higher efficiency ratings will save you in the long run, as you will see a decreased cost in your energy bills. Generally, tankless and solar-powered water heaters have higher efficiency ratings and lower costs of operation.

It can be difficult and intimidating to consider the cost of a new water heater, but staying informed and aware of the above factors can make the process much simpler, and help you ensure you obtain the best value for your money. If you require any assistance with your water heater, Abacus is here to help! Our experienced and trained technicians can provide high-quality service and help you save money, time, and stress.

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