Water Heater Price Guide

Tankless water heaters are catching on quite fast nowadays because of their twin advantage of both conserving power as well as saving your money. Especially if you are using gas powered heaters because gas is far less polluting than coal that is used to generate electricity. The only problem is that these units on average cost more than a normal storage water heater.

Capacity and Flow Rate

The prices of course differ depending on the capacity of the heater, although here it is not measured in capacity but in flow rate. The flow rate is usually measured in Gallons Per Minute or GPM. You will have to calculate how many GPM you need for your home and although this is not easily done, a fair rule of the thumb is that if you have a 6 GPM you can have two showers running simultaneously, although if you have a 3 GPM it may not be enough for one. Generally speaking if you have 7.5 GPM or above you should be able to use two showers as well as one appliances all at the same time.

One thing that has to be kept in mind about the flow rate is that this differs depending on the temperature setting and the higher the temperature setting you need, the lower the flow rate. Calculate your requirement based on this.

Small is Cheap

When it comes to prices the smallest ones are the cheapest. The electricity powered ones that are installed below sinks in the kitchen are the cheapest. They give you only a 0.5 GPM but cost only $130 or so. The slightly larger ones that give you around 4 to 5 GPM can cost you anywhere between $350 to $500. The ones that give you around 7 GPM cost between $700 and $900 and ones that are bigger at more than 8.5 GPM can be anywhere above $1000. There are companies that sell at prices that are lower and if you go through our specific reviews on each of the manufacturers you will get an idea of how expensive they are.

Going online to buy may also be a good idea if you know that you are going for a certain brand. If you go with the larger stores you are generally not shortchanged and you can even get these heaters at prices that are a couple of hundred dollars lower than their store prices. First review all the available heaters to find something that best suits you, and then you can look around for the best deal. Another thing to be kept in mind is that if you are going for a gas powered heater, you are eligible for up to a 30% tax rebate. Check on that when you get your product because not all of them come with this facility. The cheaper ones may not have been tested and approved which means that you will not be eligible for this rebate.