Top 5 Things to Consider About Tankless Water Heater Cost in Round Rock, Texas

Having a strong and efficient functioning water heater is an essential aspect of any home or business. However, along with the many key benefits that come with having a reliable water heater, there are also nuances that need to be considered when deciding which type best fits individual needs. In Round Rock, one of these nuances includes the cost of a tankless water heater system. This article highlights five of the most important factors that commercial and residential property owners need to keep in mind when researching and deciding if opting for a tankless water heater system in Round Rock.

1. Price Point:

Tankless water heaters can be significantly more expensive than their traditional tank-style counterparts. Shopping around is essential when it comes to finding the best price since prices range widely depending on the brand, size, energy source, and other key features. Generally, a typical electric tankless water heater system will cost between $800 and $2,000. On the other hand, a typical gas tankless water heater system is typically estimated to cost between $1,500 and $2,500. Along with the sticker price of the unit itself, many of these systems will also require additional components, such as an air supply line, gas pipe, water pipes, gas lines, and venting. All of which could increase the installation cost significantly.

2. Green Energy Options:

Stainless steel efficiency, one of the main advantages of going tankless, is also an important factor when it comes to factoring in cost. Tankless water heaters are almost always up to 20% more efficient than tanks, making them cost-effective in the long run. Tankless water heaters use far less energy than traditional tank models and they have the potential to save Round Rock property owners anywhere from 10%-30% on their energy bills. Additionally, some models are even eligible for rebates.

3. Tax Benefits:

As noted in the section above, installing a tankless water heater could potentially qualify for a tax credit. Numerous states, including Texas, offer tax reductions or credits to property owners who install energy-efficient products, such as tankless water heaters. Consult with a local tax professional to determine if you qualify for local tax benefits. You could save hundreds of dollars in the long run!

4. Maintenance Requirements:

Although tankless systems require very little maintenance when compared to tank systems, it doesn't mean they need none. Most tankless systems will require annual preventive maintenance to ensure that it is in peak condition and it is compliant with local codes. Although this is relatively inexpensive, it does add to the cost of ownership, making it important to factor in before making a long-term purchase commitment.

5. Extended Life Span:

Last, because tankless water heaters are designed to last longer than traditional tanks, it is an important factor to consider when factoring in cost. A typical high-quality tankless water heater can last upwards of twenty years when properly maintained, which is significantly longer than the average tank result of about seven-ten years. In the long run, opting for a tankless system instead of traditional Storage tanks could cost substantially less.

Tankless Water Heater Cost

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