Water heaters are essential parts of households. They facilitate instant hot water access, making it easy to shower, clean your clothes, and even do your dishes. You can find a variety of appliances based on the kind of fuel they use, their size, and their capabilities. If you are looking for a water heater, here is a quick guide to get you started. So, consider the following factors before making a purchase:

Cost
A water heater can cost you anywhere between $800 to $1,700, with an average price of $1,200 per water tank-based unit. This sum also includes the cost of the labor involved in installing the machine. If you are opting for larger units that come with better and more advanced features, the number may go up to $2,000 for the heater alone. Add to this the labor cost and you may shell out anywhere between $1,000 to $3,500. There are two main types of heaters—tank and tankless water heaters. Tank water heaters come with a storage capacity of 40 to 60 gallons of water that can be heated later, whereas tankless machines can heat the water as and when required. Tank water systems can cost anywhere between roughly $650 to $2,500, and tankless water heaters cost $1,200–$3,500.

Type
There are various types of water heaters available in the market. Evaluate your usage and requirements before choosing the right appliance for your home. You can choose from a tank-style, tankless, heat pump, electric, and solar water heater, among other options. So, pick the one that fits your needs and your budget.

Size
Water heaters usually take up a lot of space in your home, especially if they come with a storage tank. So, figure out the placement and measurements and see if your home can accommodate the water heater. Lowboys or short water heaters can take lesser space than standard water heaters.

Energy efficiency
You can choose either a gas-powered heater or an electric water heater. In either case, you should ensure that your water heater is energy efficient and does not inflate your gas or electric bill. You can verify the efficiency by checking the appliance’s Energy Factor (EF) rating; the higher the rating, the more efficient the water heater.

Heating capabilities
You would probably want to opt for an efficient appliance. One of the ways to check for efficiency is how quickly the heater can heat the water. If you want a product that heats the water quickly and does not leave you waiting, you can always opt for an oil- or gas-powered water heater; however, consider the energy efficiency when making a choice.

Warranty
Installing a water heater is an expensive affair. Once you install it, you expect that it will run well during its lifespan. But, the machine could hit snags and require repairs or replacement, which should not result in excessive out-of-pocket expenses for you. To avoid these additional costs, always opt for a machine that comes with a long warranty period.

Top companies
Companies like Rheem, Westinghouse, A.O Smith, and Bosch offer some of the best water heaters in the country. So, you can begin shortlisting appliances manufactured by these brands.

Additionally, you should consider factors like fuel source and storage capacity before making a decision.