At the end of the day, cost will most likely dictate which type of water heater you will buy and install in your home. Do not let price be the only reason why you purchase a particular model however. After all, choosing the right water heater for your needs will make the new heater last longer, allowing you to get the most out of your money. With that in mind, here are a few other factors you should take into account:
Different water heaters use different fuel sources. Choose the one that uses a fuel source that is easy to acquire. In rural areas or cabins, a propane or fuel oil water heater is best. In the city or suburbs, an electric water heater is the most convenient choice. Natural gas water heaters are a good choice as well, if you know a reliable supplier of natural gas.
The upfront costs of a new water heater can take its toll on any budget. In such cases, the best way to recover what you’ve spent is to choose an energy-efficient water heater. This way, you save dollars on your utility bills; over time, these savings can easily match the cost of the water heater. Do your due diligence and choose an energy-efficient model that meets your needs.