Water Heater Buying Guide

Water Heater Buying Guide

If your residential water heater has recently failed, it may be a good time to replace it with a new one. However, you need to know what to look for in a hot water heater to ensure you get the right one. There are many things to consider before purchasing, such as efficiency, operation, and cost. This water heater buying guide will ensure you buy a high-quality unit that meets your needs and fits your budget.

Cost of a new water heater

When replacing a water heater, a homeowner has many options. The costs can vary considerably, depending on several factors, including the size and energy efficiency of the water heater. To determine the best option, you must assess the available types and their pros and cons. When shopping for a water heater, a homeowner should find the size that best suits their needs. Remember that a larger water heater will cost more energy, so a smaller one may be cheaper.

Cost of a new water heater over its lifetime

There are many factors to consider when determining the cost of a new water heater. Electric models generally last a year longer than gas models. Although manufacturers promote gas water heaters as more environmentally friendly and economical, they often contain more components that can break down. Replacing an old water heater is often more cost-effective than changing its type. It is also essential to ensure that your water heating system meets current building codes.

Cost of a tankless water heater

The cost of a tankless water heater varies by model, fuel source, and installation. While electric models are less expensive than propane ones, solar systems can cost thousands of dollars. Additional installation costs include drywall removal and pipes and permits. The average price for a tankless water heater installation is around $1,000 to $2,000 in the U.S., with the highest cost in California. Regardless of the model you choose, there are ways to get the most value for your money.

Cost of an electric heat pump water heater

Depending on where you live, an electric heat pump water heater can save you as much as $100 per year on your utility bills. In Texas, for example, it costs nothing to heat your water at night, while in California, you can’t use heated water until morning. These changes can add up to hundreds of dollars annually, and many people even make their water heaters more energy efficient by installing them in their garage or basement.