If you’re shopping for a new water heater, you’ll notice that price estimates can be all over the place. This is because there are so many factors to consider in determining both up-front costs and costs to use your water heater over time. What should you expect, and how can you better estimate overall costs? Here are some of the most important factors to take into account when examining the costs of your new water heater.
Style of Water Heater
There are three styles to choose from when you’re shopping for a new water heater: standard, hybrid, and tankless. Standard water heaters are the most affordable options, costing around $6,000. Hybrid water heaters and tankless water heaters cost around $6,000 to $8,000. Consider which style best suits your needs and your budget. If you’re not sure what you’re looking for yet, reach out to a licensed plumber to get the help you need to choose the right one.
Tank Size
If you choose a tank-style water heater, the tank size will be one of the driving factors in how much water the appliance can hold. Smaller tanks will naturally cost you less. For example, tanks that can hold anywhere from 30 gallons to 50 gallons can start as low as $500 to $600. Meanwhile, 75-gallon to 80-gallon tanks could start at $1,200 to $1,300. Make sure that the tank size you pick is sufficient to heat water for your whole house.
Tank Material
When most homeowners think of water heaters, they think of metal appliances. These are the most common, and they’re also the more affordable. However, it’s worth noting that they typically last about a decade with proper care and are more prone to corrosion. Another option you might not know about is plastic tanks. While they’re more expensive than their steel counterparts, they can last at least 20 years and are more resistant to damage.
Energy Source and Energy Efficiency
The initial cost of your water heater shouldn’t be your only focus when you begin shopping. If you save money on your up-front investment but don’t consider how your appliance functions, you can end up with a water heater that costs you more money over time. Compare utility costs to help you decide whether you want an electric water heater or a fuel-based version. It’s also wise to invest in an energy-efficient water heater that consumes less fuel or electricity to keep costs down.
Water heater costs are determined by size, material, and type of water heater. If you’re starting to shop for a new water heater, having a professional plumber to turn to for advice can streamline the process and ensure a high-quality purchase. Contact us at Gordon Air & Plumbing in Monroe, LA for water heater installation and support.
