Five Factors to Consider When Calculating Water Heater Cost

When the time comes to replace your current water heater, you'll find that there's a wide variety of factors that go into the cost. It will be important to understand each of these factors before you make your decision, so you can be sure you're getting the best value. We'll take a look at the five most important factors to consider when calculating the cost of a new water heater.

1. Type of Water Heater

The type of water heater you choose will be the biggest factor in determining the cost. There are two main types of water heaters: tank and tankless. Tank water heaters are the most popular and cost-effective option. They come in a wide range of sizes and BTU ratings, so you can select a unit that is perfect for your home. Tankless water heaters, on the other hand, provide an endless supply of hot water but cost much more than their tank counterparts.

2. Installation Cost

The cost of installation is a crucial part of the equation. Installation for both tank and tankless water heaters will involve cutting into walls and running new electrical or gas lines. Thus, it's important to factor in the cost of installation in addition to the cost of the actual water heater. The cost of installation will also vary depending on the region you live in: the city of Austin, TX (78704) has its own unique regulations and costs associated with the installation of a water heater.

3. Energy Source

The type of energy you choose will also impact the overall cost. Electric water heaters are typically more affordable than gas water heaters, but gas is often seen as a more reliable and efficient energy source. For larger homes, the cost of running a gas line might be a bit prohibitive, so electric might be the way to go.

4. Size

The size of the water heater will also be a major factor in the cost. Larger tank-style water heaters tend to be more expensive than smaller specimens. For tankless water heaters, it's important to make sure you get the right unit for your home, as a unit that's too small won't be able to handle the hot water demand in the home.

5. Quality

Finally, it's important to consider the quality of the water heater. While there are a lot of lower-priced options out there, these units may not be ideal for homes with large hot water demands. Quality water heaters cost more up-front, but they'll provide reliable performance over their lifetime, ensuring you don't have to deal with frequent breakdowns or expensive repairs.

Choosing the right water heater is an important decision. Make sure to keep these five factors in mind when selecting a water heater. Doing so will help you to get the right unit for your home at a price that fits your budget.

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