How to Save Money with Tankless Water Heaters in Austin, Texas

Austin, Texas is one of the fastest growing cities in the country, with a booming population of over 987,000 people and an economy that shows no signs of slowing down. As the city continues to evolve, so too do the alternatives for its residents – with one of the newest being tankless water heaters. These water heaters offer a range of advantages compared to their traditional tank analogues, offering more efficient energy usage and ‒ most importantly ‒ the potential for significant cost savings.

If you own a home or business in Austin, here's everything you need to know about tankless water heater cost, and how to make the switch without sacrificing your wallet.

Understanding the Cost of Tankless Water Heaters

The cost of tankless water heaters varies depending on the type of model and the size of your house. On average, gas tankless water heaters range from $750 to $1100, while electric models range from $1000 to $1300. Installation will also cost extra, ranging from $1,500 to $2,200.

In addition to the initial cost of the water heater and installation, you'll also need to factor in operational costs. For a tankless water heater, those costs will include electricity to run the device when you're using it, as well as maintenance and repair costs. Gas tankless water heaters can also be more expensive to operate, as they may need to use more electricity and will require more frequent maintenance checks.

The Benefits of Tankless Water Heaters

Although tankless water warmers are higher in cost up front, they offer a range of long-term benefits that can help homeowners save in the long-run.

Firstly, they're extremely energy efficient. Unlike traditional water heaters, tankless heaters don't need to maintain a constant temperature throughout the day. Instead, they turn on only when you need hot water, making them much more efficient than a traditional water heater. This can save you up to 40% in energy costs each year, making tankless water heaters an excellent choice for anyone looking to save in the long-term.

Additionally, tankless heaters can last much longer than traditional water heaters. According to the department of Energy, tankless water heaters last two to three times longer than standard models. This is because they don't have to constantly be heated, which prevents them from breaking down as quickly.

Finally, tankless water heaters can also take up far less space than tank-based models. Because they don't require a bulky tank, they can be installed in areas of the home or business where space is more limited.

Making the Switch to a Tankless Water Heater

If you're considering making the switch to a tankless water heater, the best thing to do is contact a professional plumber. A licensed plumber can assess the size of your property to ensure that it's properly fitted with a tankless water heater, as well as offer additional tips and advice on how to save money in the long-term.

At Abacus Plumbing, we believe in providing our customers with the best service and value, so if you're looking to install a tankless water heater in your Austin property, get in touch with us. Our team of professional plumbers specialize in tankless water heater repair, maintenance, and installation, offering you reliable service and expertise you need. Give us a call today for more information.

Tankless Water Heater Cost

Tankless Water Heaters in Austin

Texas