Consider These Top 5 Factors When Deciding on a Tankless Water Heater Cost

Considering whether to buy a tankless water heater for your home in Austin, Texas? If so, you need to take time to weigh the upfront and long-term pros and cons. After all, a tankless water heater can provide an endless supply of hot water, lower your home energy costs, and help you conserve water.

But, what's the cost of installing a tankless system? And how does a tankless water heater compare to a traditional tank-style system?

In this article, we'll answer these and other questions in an effort to help you understand the appliances fully. We'll also discuss the key factors to consider when it comes to tankless water heater cost.

Understanding Tankless Water Heaters

The first thing Austin homeowners should know is that tankless water heaters are much smaller than traditional water heaters. A traditional tank-style hot water system can easily aborb three to four square feet of space in your home's basement, laundry room, or utility closet.

On the other hand, most tank-style systems are able to fit into tight places like closets and crawlspaces. Plus, tankless water heaters don't need standing water, so they don't come with all the issues associated with storing large quantities of potable water. This makes them a great choice for a variety of homes.

One of the main benefits of a tankless system is that it provides hot water on-demand. This is key for larger homes with multiple baths, or where there's a demand for large volumes of hot water like in a residence with multiple showers. This system can provide an endless supply of hot water so you don't have to wait for that last person to get out of the shower or worry about running out of hot water.

The Cost of Installing a Tankless Water Heater

To understand the total cost of a tankless water heater, you need to consider the purchase price of the unit, the installation, and potential operational costs. Plus, you have to factor in any additional appliances or gas lines the installer may need to run.

That said, here are the five cost considerations to contemplate before purchasing and installing a tankless water heater:

1. The Price of the Tankless Water Heater

Tankless water heaters range in price from several hundred to several thousand dollars. It's important to do your research and compare units to find a system that fits within your budget and meets the specific needs of your home.

2. Installation

Installation is another major cost factor when investing in a tankless water heater. After all, most of these appliances require specialized knowledge in order to ensure they are installed properly. When researching installation costs, you should get estimates from two or more different plumbers in Austin, Texas.

3. Accessory Costs

Tankless water heaters also require several accessories like vent, casing, and special condensate pumps. Many of these accessories cost hundreds of dollars, so remember to factor those into your budget.

4. Energy Requirements

An important energy-related cost factor to keep in mind is that most tankless water heaters have minimum Btu requirements. The Btu requirement will determine what type of energy source can be used. For instance, if you live in Austin, TX, you'll have to pay for natural gas to truly take advantage of the benefits a tankless water heater is capable of providing.

5. Utility Costs

Finally, energy use is an important factor to consider when calculating the total cost of a tankless water heater system. Tankless water heaters are known to be more energy-efficient than traditional tank-style systems. However, you should compare the energy efficiency of different models before you commit.

Last reflections

When it comes to the overall cost of a tankless water heater system, there amazing money saving possibilities with an on-demand system. Plus, you may be eligible for federal tax credits for purchasing energy-efficient models.

If you're located in the Austin area and need help installing a tankless water heater system, the team of skilled plumbers at Abacus can help. Our services include gas and electric water heater installation, leaks, slab leaks, drain cleaning, leaky pipes, and more.

We delivery prompt and reliable services, so contact us today for a free, no-obligation quote.

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