Overview of Water Heater Prices in Nigeria
Water heaters are essential appliances in any home, providing hot water for bathing, cleaning and more. In Nigeria, there are several types of water heaters available at a range of price points.
1. Storage Water Heaters
The most common and budget-friendly option is a storage water heater. These heat and store a tank of hot water, usually around 20 to 100 liters. Basic models start around ₦5,000, while larger capacity heaters with more advanced temperature controls and safety features can cost ₦30,000 or more. Storage water heaters do require space for the tank, so they may not suit small homes or apartments.
2. Tankless or Instantaneous Water Heaters
Tankless water heaters, also called instantaneous water heaters, provide an endless supply of hot water on demand without a storage tank. They tend to cost significantly more than storage heaters, from ₦40,000 up to ₦200,000 or more for whole-house models. However, tankless heaters can save energy since they only heat water as needed.
3. Solar Water Heaters
For environmentally-friendly hot water, solar water heaters are a great choice. They use energy from the sun to heat water which is then stored in an insulated tank. While the initial cost of ₦150,000 to ₦350,000 or more can be significant, solar heaters can drastically reduce utility bills in the long run. The capacity and energy savings depend on factors like the number of panels, tank size, and availability of sunlight. For the budget-conscious, a solar pre-heater can lower costs by heating water before it enters your conventional water heater.
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Factors That Influence Water Heater Prices
The cost of a water heater can vary quite a bit depending on several factors.
The type of water heater you choose, its size and energy efficiency rating, the brand, and additional features can all affect the final price.
1. Type of Water Heater
The two most common types are tankless (on-demand) water heaters and tank storage models. Tankless units heat water only as needed and typically cost a bit more upfront, from N5000 to N5000, but can save energy in the long run.
2. Size and Energy Efficiency
Larger sized heaters with higher capacity, like 40 or 50 gallons, will cost more than smaller units, typically a few hundred dollars difference. Energy efficiency also plays a role. An Energy Star rated heater may cost 10-25% more but can significantly lower your utility bills over its lifetime. Think of it as an investment that pays off.
3. Brand and Additional Features
The brand of water heater can make a difference in price, with premium brands charging a premium. However, unless it’s a particularly complex model, the brand itself typically doesn’t affect quality or efficiency very much.
Average Prices for Different Types of Water Heaters
1. Tankless/Instantaneous Water Heaters
Tankless or instantaneous water heaters heat water directly without the use of a storage tank. They typically cost between N5000 to N100,000, depending on the size and brand. Tankless heaters are more energy efficient since they only heat water on demand but tend to have a higher upfront cost.
2. Electric Storage Tank Water Heaters
Electric storage tank water heaters are the most affordable type, ranging from N20,000 to N80,000. They use electric heating elements to heat and store hot water in an insulated tank for when you need it. While inexpensive, they are the least energy efficient since the tank has to stay heated at all times.
3. Gas Storage Tank Water Heaters
Gas storage tank water heaters use natural gas or propane to heat water and typically cost between N5000 to $1,500. They tend to be more energy efficient and heat water faster than electric models. The initial cost is higher, but gas is usually cheaper than electricity which can offset costs over time.
Tips for Getting the Best Deal on a Water Heater
Water heaters can be expensive, so follow these tips to save money on your purchase.
1. Shop Around at Different Retailers
Don’t just go with the first retailer you find. Compare prices at home improvement stores like Lowe’s and Home Depot, as well as local plumbing supply stores. Check their websites too, as online prices are often lower. You may be able to find deals where they throw in free installation or other perks.
2. Look for Sales and Coupons
Watch for seasonal sales events like Memorial Day, Labor Day or Black Friday when retailers frequently discount major appliances. Search online for coupons and promo codes as well. Many stores also offer military, senior and student discounts if you qualify.
3. Consider Tankless or High-Efficiency Models
Although tankless water heaters and high-efficiency storage tank models have higher upfront costs, they can save you money in the long run through lower energy bills and longer lifespans. Check with your utility company regarding any rebates or incentives for purchasing an energy efficient water heater.
4. Ask About Bidding Out the Installation
If you’re having a plumber install the water heater for you, get multiple bids from different plumbers or plumbing companies. Let each of them know you’re soliciting other bids so they’ll give you their best price. You may be able to save hundreds of dollars by comparing bids.
5. Check Return Policies
Before purchasing, ask about the return policy in case there’s an issue with the water heater. Most home improvement stores will allow you to return a new, unused water heater within a certain number of days of purchase. Some may charge a restocking fee, so inquire about fees as well as the return window.
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Conclusion
By shopping around, looking for deals and comparing bids, you can save a significant amount of money on your new water heater.
A little effort upfront will reward you with a lower price and ensure you get the best value for this important appliance.
Frequently Asked Questions About Water Heater Prices in Nigeria
1. How much do water heaters cost in Nigeria?
Water heater prices in Nigeria can range from N5,000 for a small point-of-use model up to N500,000 or more for a high-capacity whole-house unit. The exact price will depend on the type, capacity and brand of water heater you choose. In general, you can expect to pay:
• N25,000 to N50,000 for a small electric point-of-use or under-sink water heater.
• N75,000 to N150,000 for a mid-sized electric storage water heater (20 to 50 gallons).
• N200,000 to N350,000 for a large electric or gas water heater (65 to 100 gallons).
• N300,000 to N500,000 or more for a tankless electric or gas water heater. Tankless water heaters heat water on demand and provide an endless supply of hot water.
Prices will be on the higher end of the range for well-known brands like Bosch, Rheem and AO Smith. You can often find good deals on lesser-known brands, but quality may be more variable.
2. What factors determine the cost of a water heater?
Several factors influence the price of a water heater:
•Type: Electric heaters tend to be cheaper than gas heaters. Tankless heaters cost more than storage tank heaters.
•Capacity: The larger the capacity (measured in gallons), the higher the price.
•Energy efficiency: More efficient models, especially condensing and heat pump types, typically cost more upfront but can save money in the long run through lower utility bills.
•Brand and features: Well-known brands and models with more advanced features like digital displays, multiple heating elements, and longer warranties usually cost more.
•Installation: Unless you plan to install the water heater yourself, installation fees can add significantly to the total cost. Installation charges vary but are often N5,000 or more.
•Warranty: A longer or more comprehensive warranty may increase the initial cost slightly. But it provides valuable coverage and peace of mind for such an important appliance.
•Where you buy: Prices can vary between retailers and depending on whether you buy online or in a store. You may be able to find lower prices when shopping online or from discount retailers and wholesalers. But you lose the ability to see products in person before you buy.