Water Heater Cost Formula:
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Definition: This calculator estimates the total cost of a water heater by summing the purchase price, installation cost, and maintenance cost.
Purpose: It helps homeowners and contractors budget for water heater purchases and understand the full cost of ownership.
The calculator uses the formula:
Where:
Explanation: The total cost is simply the sum of the three main cost components of water heater ownership.
Details: Proper cost estimation helps in budgeting, comparing different water heater options, and understanding long-term ownership costs.
Tips: Enter the purchase price, estimated installation cost, and expected maintenance costs. All values must be ≥ 0.
Q1: What's included in maintenance costs?
A: This includes annual flushing, anode rod replacement, and any repairs over the heater's lifespan.
Q2: How do I estimate installation costs?
A: Get quotes from local plumbers or use average rates of $500-$1,500 depending on heater type and complexity.
Q3: Should I include energy costs?
A: This calculator focuses on upfront and maintenance costs. Energy costs would be calculated separately.
Q4: What's a typical maintenance cost?
A: Budget $50-$150 annually for maintenance, depending on water quality and heater type.
Q5: Does this include removal of old units?
A: No, include any disposal fees in the installation cost if applicable.