The Cost of a New Water Heater

How much will a new hot water heater cost you? That depends on the following factors.

1) Tankless or traditional. The new tankless water heaters are great for providing you with hot water instantly by heating the water right inside of the pipe as soon as you turn the faucet on. While they are more expensive than traditional units, the amount of money you will save on your water bill and your electricity or gas bill will be well worth the added investment. Most times, they are not that much more money.

2) Your choice of the fuel source. Are you going to go with an electric water heater, or are you going with a natural gas or liquid propane run unit? Usually, the gas versions are a little more expensive but the difference is minor enough that you should base your decision on which fuel source to go with on factors other than initial cost. What do the utility companies in your area charge for the different fuels?

3) Warranties and service plans. What warranty options will you choose? Are you going to extend the term or choose unlimited versus limited? Most companies offer many different options in this area and the more you choose, the more you will pay up front. The same is true for service plans. Many experts say that these service plans are mostly unnecessary but, of course, the option is yours.

4) The gph recovery rating. What is the rating for the gallons per hour the unit can produce? The better the rating, the more you will pay. Make sure to choose a unit that has a gph that fits the usage in your home. Choose one with a low gph and you will run out of hot water. Choose one with too high a gph and you will spend more than you have to.