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How Much Does An Instantaneous Hot Water System Cost

The luxury of having instantaneous hot water is not something everybody can enjoy.

However, there are several instantaneous hot water systems available on the market that can fit into your budget. From gas hot water systems to electric hot water systems, there are a plethora of options you can explore according to your requirements.

If you are wondering how much a new hot water system will cost, don’t worry. We’ve got you covered with this informative guide. Keep in mind that determining installation cost of hot water systems depends on several factors, so consider these points when choosing the best hot water system.

How Much Does A Hot Water System Cost

The cost of a new hot water system depends on various aspects – the primary one being the types of hot water systems available on the market, which include:

1. Gas Hot Water System

Until recently, gas hot water units have been one of the most popular choices for most homeowners. Priced at around $850 to $1,800, this can be a good option if you are looking for a cost-effective hot water unit.

For most homeowners, having instant hot water at the tip of their fingers is a necessity. The number of everyday household tasks that require hot water is astounding if you think about it. From cooking to bathing, cleaning the house, doing the dishes, and laundry, many tasks require a hot water heater.

And compared to most electric systems, a gas hot water heater can heat water twice as fast, giving you instant and continuous hot water when you need it. These systems typically use less energy and are energy-efficient.

Also, the concern of heat loss from the walls of a water tank is prevented with a hot water heater. That said, the installation cost of an instant hot water system will be anywhere between $1,000 and $1,575, depending on certain factors like the flow rate of the unit you install.

2. Electric Hot Water Systems

Electric systems range between $450 and $1,400, and provide homeowners with instant hot water at the click of a button. These systems store hot water in their storage tanks and replace it as soon as you use some of it. Furthermore, the new energy-efficient hot water systems save money by storing hot water in a storage tank instead of reheating it every time you need it.

Advanced technologies now allow your hot water unit to “zone” the water throughout your home. This means that you can adjust how the hot water flows through the various pipes of your home.

So, while the hot water unit can provide instant hot water to every room of the house, you can choose to zone it only to specific areas like the kitchen, the bathroom, etc. The typical installation costs of an electric hot water unit could be around $1,500, depending on the water system model you purchase and the Australian Government rebates.

3. Solar Hot Water Systems

Solar hot water systems are a bit expensive (priced at $3,600 to $6,800+) compared to their gas and electric counterparts but are becoming increasingly popular among homeowners across the country. One of the primary reasons for this is that a solar hot water system helps you save almost 50% of the energy bills you would otherwise spend on other systems.

That said, the installation cost of a solar hot water system will typically be much higher compared to the others. The initial installation costs of these systems can be pretty high, going up to $2,000. In some cases, it can also cost up to $8,000, depending on the kind of system you purchase.

Moreover, you need to install several auxiliary units such as solar modules and multiple outlets within your home. Then, you need to connect the unit with your existing hot water system.

4. Heat Pump Systems

Finally, you can opt for a heat pump system that uses the ambient air of the environment to provide you with hot water. Think of it as an air conditioning technology – but in reverse. The heat pump converts liquid to gas, compressing it to provide hot water.

Heat pump water heaters can cost you around $3,000 for installation, plus additional maintenance costs. You need to also consider the price of a heat pump water system , which ranges from $3,300 to $4,600.

Conclusion

We hope this guide helps you better understand hot water system prices and decide which one is the best choice for your home.

As you can see, different hot water systems have their own installation costs and maintenance charges. So, pick the best hot water system according to your budget and how much hot water you consume throughout the day.

Before purchasing one, keep in mind that most electrical systems require upgrades, which might help you determine the final cost. Also, opt for models that help you save energy and money in the long run. And finally, always contact a professional plumber for installing hot water systems in your home.

That’s it for now. Take care, and until next time, good day!