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Water Heater Cost Factors

A water heater is necessary during winter to keep the household running smoothly. However, water heaters are susceptible to wear and tear over time and will require replacement at some point to ensure a consistent hot water supply and save money on heating bills. The factors that need consideration in determining the right water heater for the home include type, tank size, fuel source, energy efficiency, and cost. The water heater cost encompasses more than the actual appliance cost.

Here are the top variables that can help homeowners know how much their new water heater unit will cost:

WATER HEATER TYPE

The type of water heater a homeowner decides to purchase significantly impacts the overall cost. The most common water heater types include conventional (tank) and tankless water heaters. Tank water heaters are affordable and feature a tank to store hot water at a constant temperature to ensure its availability when needed. Tankless water heaters have a high upfront cost; they are space-efficient, last longer, provide instant hot water, and save money in the long run by significantly reducing energy bills. They eliminate the need for a storage tank and reduce energy waste. Before choosing the water heater type, homeowners should also consider maintenance, energy efficiency, and the upfront cost.

WATER HEATER SIZE

Another factor that directly influences the water heater cost is its size. Generally, the larger the water heater, the more expensive it is. Homeowners should ensure they size their water heater correctly, as an oversized unit will lead to higher operating costs, and an undersized unit will fail to provide adequate hot water for the home’s needs. A professional water heater installer can assist in choosing the right water heater size.

ENERGY SOURCE

Water heaters use gas or electricity for their operation. Electric water heaters cost less than gas- or propane-powered heaters but have a higher operating cost. Solar water heaters are environmentally friendly for people living in warm, sunny regions. Before finalizing the fuel source, homeowners should consider additional factors like ventilation, water and gas line requirements, and plumbing requirements.

PERMIT COST

Depending on the location, a residential water heater installation may require obtaining a permit from the local authorities to ensure safety and code compliance. The permit cost will depend on the site inspection and the extent of upgrades or changes needed to install water, gas, or electrical lines. Check if the estimate provided by the water heater installer includes permit charges.

INSTALLATION COST

Installation is an additional expense that increases the water heater cost. DIY water heater installation is dangerous. Therefore, hiring an experienced and reliable installer is always best to ensure correct installation and safe operation. The labor cost of a new unit installation will depend on the extent of required changes during the process. Get multiple price estimates from different companies before selecting a particular contractor.

Disposal of the old water heater, unit location, energy efficiency, and additional accessories are some other factors that can add to the cost of the new water heater.

AFFORDABLE WATER HEATER INSTALLATION

A functional water heater is crucial for every household. As a new water heater is a significant investment, proper research and planning are essential to choosing a unit that meets the owner’s needs and budget and minimizes installation costs. Contact a local water heater installer to learn more about the cost factors.

Water Heater Pros provides water heater installation and replacement services for Las Vegas and surrounding area residents and businesses. Our expert technicians install both traditional and tankless water heaters for homes and other buildings with gas or electric service. We offer the highest quality installers for efficient, versatile water heaters such as Rheem, Ruud, high-efficiency tankless Navien units, and more. Ask about our installation specials.