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Water Heater Price: How Much for Hot Water?

Aug 27, 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

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 are invaluable when you want to find good deals. Always make sure though that you are in popular and reputable independent sites. Review sites will allow you to compare heater models based on cost, ranking, installation price and reviews. The quality of reviews will depend on the site you are on. Some may offer expert reviews. Others also offer useful consumer insights regarding various models. These reviews will help you get better value for your money.

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.

Unit 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.

One reason why tank types cost more to operate is because of standby losses. The tanks of tank type heaters are always filled with water. The water is kept warm even when it isn't used. Hot water that just sits in a tank results in energy loss which eventually translates to higher energy bills for you. The tankless type eliminates this problem by providing warm water only when you need it.

Save Energy

Not everyone has the money for an expensive energy saving heater. If you can't afford it yet, there are ways for you to cut the operational cost on your old tank heater. You could for instance, attach insulation on your pipes and tanks. With proper insulation you limit the amount of energy wasted. This is also a good way of helping conserve limited energy and resources.

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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