Water Heaters The cost to install a water heater varies widely depending on the type, size, and the specifics of your home. According to the Home Depot reports, the average cost is usually about $1,308.This price estimate includes the cost of a basic tank water heater, installation, materials, removal of the old unit, and the cost of any permits. They are relatively easy to install, and the installation usually takes a few hours only. Generally, they have to be installed indoors, as they cannot tolerate harsh weather conditions. The tanks come in electric, natural gas, and propane models. It is important to mention that the gas models will still work during a power outage. The life of these water heaters is between 10 and 15 years. These tank water heaters usually hold between 20 and 80 gallons of hot water in a storage tank and they are mostly large size, which requires a bigger space within your home.
There are few benefits of using this type of water heater:
They are a more affordable upfront cost.
They are easy to install.
In case of an emergency, you will have a fresh water supply in the tank.
Some of the drawbacks are:
The energy waste.
They have a shorter lifespan.
If the heater malfunctions, gallons of water could leak or escape from the tank.
If you empty the tank, you have to wait for more hot water
Tankless water heaters
The price and installation vary depending on the type, brand, your home, and whether you are installing a new heater or replacing an old one. Tankless water heaters are smaller, so they require less space in your home. They can also be installed on your exterior wall. Installation for this type of tank is usually more difficult because it involves upgrading your home’s electrical system. Depending on the type of unit, you may also need to install other equipment like new exhaust vents or new pipes. They usually last 20 or more years for most units. They heat your water on demand using gas or electric coils. Although tankless water heaters heat water on demand, they do have output limits on their flow rate. This means, if you’re running the dishwasher, doing the laundry, and taking a shower simultaneously, your heater may not be able to produce hot water fast enough. The flow rate for tankless water heaters is measured in gallons per minute of hot water the machine can produce. Gas units typically heat water faster than electric ones.
Here are some of the benefits of having this type of water heater:
Efficiency. This means that you won’t have to be paying all the time to keep your tank full of hot water.
They have a longer lifespan.
They can save you a lot of space.
Some of the drawbacks are as follows:
Expensive upfront equipment and installation costs.
May need to make major changes to your home to accommodate a tankless unit.
In some cases, the increased upfront cost may be larger than your long-term savings.