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Are you familiar with water heater prices? If you’re thinking of buying a new water heater or replacing a former one, the first thing you consider is the price.

Price always comes first before anything when talking about buying something. That’s reasonable!

Everyone generally wants to spend their hard-earned money to a worthy cause. Like other appliances, water heater prices also depend on several factors. You can’t point a finger to a sole element and assume that water heater prices rely on that factor alone. Let me walk you through at some factors that affect water heater prices.

Factors Affecting Water Heater Prices:

Water heaters with high capacity are, of course, cost more than with smaller sizes. The most common water radiator capacities are 40 and 60 gallons or 180 and 270 liters, respectively. Choosing a large water heater capacity than the actual size you need can bump up your electricity bill. While selecting a format that is too small can cause you to run out of hot water. Thus, choosing the right water size for your home is very important.

The five most common are the storage tank, tankless, heat pump, solar-powered, and condensing water heater. Water heaters’ latest models are more expensive than the old ones. For example, Tankless water heaters are more expensive than storage tank types. Tankless water heaters save space for it doesn’t have a tank, unlike the storage-tank water heater. The latest models provide more convenience and are more productive, so they cost more.

Efficiency implies a state of achieving maximum productivity with minimum cost. Water heaters with a high rate of this element cost more. According to Energy.gov, tankless water heaters can be 24-34% more energy-efficient than conventional water heaters for households that use 41 gallons or lesser of hot water daily. That’s another reason why tankless water heater costs more than traditional water heaters.

  • Water Heater Features

Due to the advancement of technology, the latest water heaters offer more services. Perhaps, different companies promote a variety of various features that contributes to their water heater’s lifespan and flow rate. Bosch’s Greentherm 9000 Series is one of these advanced water heaters. It provides Wi-Fi accessories and in-app services for your water heater. It enables you to control it remotely from your mobile phone or tablet. Moreover, these waters heaters with advanced features will cost you more.

Those are the few of the several factors affecting the price of water heaters. However, being economical is good, but putting aside quality is not a good idea. Cheap water heaters can cost more in the long run. Since most of it does not come with a warranty, you cannot replace it as well. Being concern with the water heater alone and putting aside quality altogether can lead you to spend more money on repairs.

Don’t look at the price alone but also take some time to consider its quality and then decide whether it’s worth investing your money.