Gas water Heaters prices
The founder of personal finance blog DebtRoundup.com, Bell thought he could save money by installing a tankless water heater. But after consulting more than a dozen plumbers, he found that with an initial cost of $4, 500, it would take more than 18 years for the savings from lower energy costs to equal his initial expenses. That was enough to convince him to buy a traditional 50-gallon electric tank.
"I was dead set on getting a tankless because I heard about how much money you can save, " Bell says, but he found that any energy savings would be eaten up by installation costs. He ended up paying $1, 200 for a traditional water heater, which included moving the unit, a new stand and a new extended drain. Bell determined a tankless electric installation would save only about a month. "It doesn't really save you that much, " he says.
Most people don't do quite that much research, especially if it's an emergency, but it's good to know your options ahead of time and have an idea of how much each will cost in the short term and long term. Gas water heaters last about 10 years and electric about 15 years, on average, so if your water heater is nearing that age, you might want to investigate options now.
There are two major types of water heaters: traditional storage tanks that hold 20 to 80 gallons of water and tankless heaters, which heat water as it passes through the unit. Each type comes with variations that can be used with gas, propane or electricity. You can also buy solar water heaters, with an electric or gas backup.
Most people buy the water heater from the plumber who installs it, though you can buy your own from a hardware store. Discuss options with your plumber and tell him or her about your needs: more hot water, energy savings or other considerations, plus ask for recommendations.
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