Costs associated with owning your own water supply
You just bought a new home. Your home inspection went as planned and as far as you know the water supply is good. But for the first time in our life, you now own a private well. And you have no idea how much it may cost to replace a well pump.
As long as the water continues to flow, all is well. But in the back of your mind, you may be wondering: how does this system work? What are the financial commitments associated with owning your own water supply? Let us shine some light on how much it may cost if something goes wrong.
Private wells – the homeowner’s responsibility
In areas where publicly provided water is not available, homes are often supplied water by private wells on the property. These wells are owned by the homeowner; and with that ownership comes the responsibility of maintenance to ensure a continuous supply of water.
Unfortunately, all too often, new homeowners may not be aware of the cost of maintenance and repairs associated with owning a property with a private well.
How much does it cost to replace a well pump?
For most homes, there are two types of well pumps: deep well submersible and shallow well jet pumps. The below explanation will give you an idea of the approximate cost to replace a well pump.
Jet pumps were commonly used with older wells, typically less than 100′ deep. These pumps are installed above ground, outside of the well. Submersible pumps are more commonly found in today’s homes. These pumps are installed in-ground and often provide better reliability and higher performance than jet pumps.
Jet pump replacement cost varies depending on the required horsepower. The average cost for a residential jet pump replacement is $750-1,200.
Submersible well pump replacement again varies depending on the required horsepower and if any additional materials need to be replaced at the time of pump replacement. Because submersible pumps are installed in-ground and require wiring from the home to the pump, many times it should be updated when replacing the pump. The average cost of replacing a submersible well pump can range from $1,500 to $3,000, depending on the size of the pump required, and if any additional materials need replacement at that time.