Water Heater Price: How Much Should You Pay?

by Ann Triune

What is a reasonable water heater price? This isn’t so easy to answer. Different units and models have large differences in their prices. Should you just base your decision on the price alone? Are there other factors besides the price that you should consider? Here are some tips for you to follow to find the best deals.

Reviews

Your first step is not to compare models but to read about heaters. This does not mean you have to know everything about heaters. You just need some beginner’s information that can give you some idea about heaters in general. Knowing some basic facts can help you understand reviews and product information better.

Review sites should be your next stop after your research. Make sure that you are on known, independent review sites. Product review sites have lost of information that you can actually use when you purchase your heater. Products, product prices, installation costs and product rankings may be put side by side for easier comparison. Of course, the actual reviews themselves are also quite insightful. There are reviews done by experts and non-experts.

Cost of Operation

A water heater price doesn’t just stop with its tag. It is incorrect to think that the only cost you should ever be concerned about is its upfront tag price. When you buy a heater you should also consider operational costs. Operating heaters for the rest of their lifespan would mean that you would have to keep spending. Other cheap models actually cost a lot to operate. You really eventually end up with no savings at all. To help you save in the long run, you should pick a unit that has a high energy factor (EF). The higher the EF, the less energy is wasted. That means bill cuts for you.

Consider the Type

Most of us are familiar with heaters with tanks. These are usually the cheapest. The oldest models can cost only more or less $100. More expensive models such as the solar, tankless and heat pump types can cost from a couple of hundred dollars to above $1000. The cheaper ones however are often more costly to operate.

Tank heaters may cost a lot due to energy standby waste. Tanks typically carry water all the time. The heater mechanism keeps the stored water heated even when no one is using it. This means energy is wasted or lost. This can have an impact on your bill. The more energy wasted, the steeper your energy bill. This is why other types such as the tankless one are now often recommended even if they cost a lot.

Energy Conservation

You may not be able to afford a more energy efficient heater model at this time. You can however still shave off a few dollars off your operational cost. You may for example install aerators and tank and pipe insulation. These will reduce the heat that is lost in the process of operating a tank-type heater. Aside from helping you limit costs, you are also conserving energy.

The water heater price of a good unit may seem much. Investing in a costly heater however may eventually help you save on your energy bills.

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