Getting Started on Tankless Water Heater Cost: How it Can Impact Your Budget

For property owners living in 78751, Austin – Texas, the costs associated with installing a tankless water heater can seem overwhelming. Between the cost of the materials needed, as well as the cost of labor to install it, it's important to be prepared before getting started. While this is a long-term investment that will save money in the long run, understanding the cost associated with a tankless water heater can help you estimate what your budget should be.

Let's take a look at the components of tankless water heater cost, as well as what you should consider when investing in one.

Major Components of Tankless Water Heater Cost

When it comes to tankless water heaters, you'll find that the costs can add up quickly. The majority of tankless water heater cost comes from two main components – installation and the materials needed. Purchasing a tankless water heater is not cheap; it is, however, an investment that will provide a good return on investment over time.

Installation

Having a professional plumber install a tankless water heater can cost several hundred dollars, depending on the company. It's best to find a reputable company that offers real customer reviews as well as competitive rates. You may be tempted to DIY the installation, but it's not recommended as errors in the installation can cause a variety of problems, including water leaks, faulty wiring, or improper venting.

Materials

When it comes to the actual cost of the tankless water heater itself, it's important to compare different models to find the one that best fits your needs and budget. While tankless water heaters can cost more than traditional tank-style water heaters, the long-term savings may more than justify the cost.

However, you won't just be paying for the water heater; you'll also need to purchase all necessary parts and materials, including vent pipes, special low-flow shower heads, tankless water heater filters, and propane or gas lines if required.

Factors to Consider When Budgeting for a Tankless Water Heater

Now that you have an estimate of the basic tankless water heater cost, there are a few factors that you should consider when budgeting for your system:

Energy Efficiency

The higher the Energy Factor (EF) rating of the tankless water heater, the more efficient it is. Not only will a higher EF rating allow you save on energy bills, it may also qualify you for local energy rebates or tax credits.

Water Usage

How much hot water do you need? If you have a large household with multiple hot water fixtures running at once, you'll need a larger, more powerful tankless water heater. Low flow fixtures or tweaks to water usage in the home can help reduce the size of the tankless water heater needed and save you money.

Location

The cost of a tankless water heater can depend on the location in which it's being installed. Consider any possible additional work that may be necessary, such as additional shutoff valves, improved gas lines, or venting upgrades.

In summary

Investing in a tankless water heater may seem daunting at first with the added costs associated. However, understanding the major components of tankless water heater cost and how much hot water you use can help you make a decision that fits your budget. It's best to speak with a professional plumber who can assess your home and offer an estimate, saving you time and money in the long run.

Tankless Water Heater Cost

Austin

Texas