Top 5 Things to Consider with Regards to Water Heater Replacement Cost

Getting a water heater replacement can be one of the most costly home maintenance projects. In the Austin, Texas, area, the average cost of replacing a water heater ranges from $800-$1,500, depending on the size and type. But there are some less expensive options, and additional costs to consider when making this major purchase.

This article explores the top five things to consider with regards to water heater replacement in the 78705 (Austin, Texas) area, giving budget-minded residents the insights they need for this large financial commitment.

1. Size and type of tank

The amount you'll pay for a water heater depends on the size and type of the tank you require. The two most common types of tanks are gas water heaters and electric water heaters. Electric water heaters tend to be less expensive than gas water heaters, but they can also use more electricity, so their overall cost of operation can be higher in some areas.

To determine the size of the tank you need, consider how many people will be using hot water regularly in your home. The larger the tank, the more you'll pay for the replacement, but the larger tanks also provide more consistent hot water on demand and have higher energy efficiency ratings.

2. Installation

Installation of a water heater can take longer and may involve more costs than the purchase of the heater itself. This expense will depend on if you need to update your existing setup, operate on a fixed budget, or make any other modifications. For instance, if you need to move the water heater to an area of your home that does not already have the necessary piping, or if you need to upgrade your existing gas line, those costs must be accounted for.

Call a licensed, professional plumber like Abacus to get an accurate estimate of the installation costs. A professional plumber can also check that the job is done correctly and safely, giving you peace of mind.

3. Energy efficiency ratings

Purchasing a water heater with an energy efficiency rating can help you save money in the long run. There are different types of ratings that you can assess — from Energy Star, which can help you decide which models offer the highest cost savings, to estimated annual operating costs.

Since these estimated costs are based on averages, you'll need to consider your own water usage to decide which water heater type and size is most energy efficient for your needs.

4. Warranties and maintenance cost

When considering water heater replacement, warranties and maintenance costs may be factors you should consider. Different water heaters can come with a variety of warranties from the manufacturer, from simple parts replacement to extended parts and labor coverage. Many home warranties even cover parts of the replacement job, but it's important to ask in advance and know the limitations of coverage.

Additionally, some types of water heaters require more regular maintenance than others, which can add to the overall cost of ownership. Have a professional check your water heater and assess the maintenance needs in advance.

5. Rebates and tax deductions

In some cases, you may qualify for a rebate or tax deduction when replacing your water heater. In the Austin, Texas, area, rebates can be given for solar water heater systems, as well as systems that use energy from alternative sources. Check with your local provider to see what offers are available for energy-efficient water heaters.

Similarly, some financial assistance is available for water heater replacement through the Water Conservation Grant Program. This program supports water-saving initiatives from replacing old technologies with more efficient systems.

Water Heater Replacement Cost

Austin

Texas