Top 5 Things to Consider About the Cost of a Tankless Water Heater (Austin, TX 78733)

With summer knocking on your door, the idea of investing in a tankless water heater may start to surface in your mind. This is certainly a great idea and will come with great benefits, but you must also consider the associated cost. Abacus Residential and Commercial Plumbers, based in Austin, TX 78733, is here to help you better understand the costs associated with tankless water heaters. Here are the top 5 things to consider when planning a Tankless Water Heater installation in Austin, TX 78733.

1. Cost of Tankless Water Heater System

When considering the cost of a tankless water heater system, you must look at the full range, from purchasing to installation. Depending on the type of system you need and the size of your home, the cost of a basic tankless water heater can range anywhere from $700 to $1,400. Depending on the complexity of the installation, that cost can quickly increase to several thousand dollars. You must also consider potential maintenance costs. When properly maintained, tankless water heater should last anywhere between 10-15 years, depending on its usage.

2. Electricity and Gas Costs

Another, often overlooked cost associated with a tankless water heater is the per-usage cost of electricity and gas. Tankless water heaters are very energy efficient and, depending on the type you purchase, can provide up to 20-40% savings on your utility bill. However, the savings may not always be worth the initial investment. Be sure to compare the cost of electricity and gas to other alternatives, such as a traditional storage tank. To maximize savings, you should also ensure that all of your appliances are Energy Star certified.

3. Operating Costs

Purchasing and installing a tankless water heater is only the beginning. You must also factor in operating costs. This includes electricity, gas, water and maintenance costs. In many cases, depending on the type and size of the system you purchase, you can expect to pay as much as $100 a month. That cost can also quickly increase if you use an excessive amount of hot water. You can minimize this by using energy efficient appliances and replacing any plumbing fixtures that are more than 10 years old.

4. Installation Cost

When installing a tankless water heater, you will need to factor in installation costs which will vary depending on the complexity of the job. While the overall installation cost can be substantial, it is wise to invest in a professionally installed hot water system. This will potentially decrease the cost of the system, save you both time and money in the future, and it will also ensure the system is installed correctly.

5. Repairs and Service

No matter what type of water heater you choose, you must factor in repair and service costs. If you purchase a tankless water heater, be sure to find a reputable contractor who is familiar with both the installation and servicing of these types of systems. For even greater savings, you should consider an annual maintenance plan. This will guarantee that your water heater is always running at its best and will help lessen the chance of an unexpected breakdown.

When planning the installation of a tankless water heater, these are the top 5 things you should consider. While tankless water heaters come with many benefits, they also come with a hefty price tag. Be sure to do your research and compare your options before making a final decision.

Tankless Water Heater Cost

Hot Water System

Austin Plumber