FAQ: All About the Cost of a Tankless Water Heater
Are you looking for a cost-effective way to heat water for your home in Austin, Texas? There are many options to choose from, including a tankless water heater. But before jumping into a purchase decision, it’s important to equip yourself with information about the installation cost, operation costs, potential savings, and other relevant information. This article will answer frequently asked questions (FAQs) about the cost of a tankless water heater, so you can make the right decision for your home.
What is the Initial Cost of a Tankless Water Heater?
In general, tankless water heaters cost more than traditional tank-style water heaters, since they are more complex and have higher-grade components. On average, a tankless water heater will cost between $1,000 and $3,000 before installation. Installation adds around $2,000 to the overall expense, bringing the total average cost to around $3,000 – $5,000.
What Factors Influence the Cost of a Tankless Water Heater Installation?
The cost of a tankless water heater installation depends on several factors, including the type of water heater chosen, local labor costs, permit fees, and adjustments for existing plumbing. Additional expenses could include updating the venting system to accommodate the new water heater, or upgrading circuit breakers to meet new electricity demands.
What are the Operational Costs for a Tankless Water Heater?
In terms of operational costs, tankless water heaters are more energy-efficient than traditional tank-style water heaters, and can save homeowners up to 50% on their energy bill. However, initial costs are higher, and the cost vs. efficiency balance will vary depending on a variety of factors such as the water heater’s efficiency rating, water usage, and house size.
Do Tankless Water Heaters Qualify for Energy Rebates?
Yes! Depending on the type of water heater you choose, as well as local laws and regulations, you may qualify for energy rebates. Contact your local government officials—or a professional tankless water heater installer—for more information.
Are There Incentives or Financing Options Available for Homeowners?
Many companies offer special offers or incentives on tankless water heaters, such as discounts or promotional financing. Additionally, some vendors partner with local banks or credit unions to offer special financing options. Contact your local vendors for more information.
Are There Long-Term Benefits to a Tankless Water Heater?
Yes! A tankless water heater will save you money over the long-term. Plus, it is far more energy efficient and reliable. Finally, it has a longer lifespan (up to 20 years) compared to a state-of-the-art tank-style water heater, which typically lasts 8-12 years.
Are Professional Installations Required for Tankless Water Heaters?
For the best performance and safety, the installation of a tankless water heater should always be done by a licensed professional plumber. Abacus Plumbing can provide you with an experienced technician to help you install a tankless water heater, as well as handle all of your residential or commercial plumbing needs.
Tankless Water Heater Cost
Cost of Tankless Water Heater