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Water Heater Price: How Much Should You Pay?

May 6, 2008
Your water heater price may not always be what it seems. This may seem confusing for you. Don't consumers just pay whatever is on the price tag? This may be true but heaters have more price considerations. The cost doesn't just stop at the unit price. Here are some guidelines on determining which prices are reasonable.

Read Reviews

Before anything else, you should read about water heaters first. Your objective would be not to become a heater expert but to at least get some basic information about heaters. Otherwise, nothing about heater specifications in various sites will make sense to you. Once you know a bit about heaters, your next step would be to go to review sites.

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

The actual water heater price is not reflected on the price tag. Its actual cost includes how much it will take to operate it everyday. It may surprise you that the cheap ones may actually prove to be more expensive because of their high operational cost. You eventually don't save at all. The key to finding the best value for your money is to look at a unit's energy guide. The guide should have an energy factor. An energy factor above 0.8 would mean that it is fairly energy efficient. The unit can limit the amount of energy wasted and help you reduce your monthly bills.

Unit Type

The oldest heater model is the tank type. You can now buy these for as low as $100. More expensive models are the tankless, heat pump and solar. The prices of these can range from $200 to over a thousand dollars. The more expensive ones however are usually the most energy efficient and can help you save in operational costs

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.

Save Energy

It may not be financially feasible for you to buy a new expensive unit. If you have no choice but to stick with your current tank, then the most you can do is to save energy. You can do this by making sure that your tank and pipes are insulated. Insulation limits the loss of energy, thereby reducing your total costs.

There is truly more to a water heater price than you think. Be informed about how water heaters function so you can save energy and money.
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