The Cost & Benefits of Installing a New Water Well

Having a water well on-site of a home is an attractive asset that provides numerous benefits for those living on the property. In Texan communities, a well provides a convenient and reliable source of clean water in a state that is known to have heat waves and droughts. But what goes into drilling a new well and how much does it cost?

The cost of drilling and installing a water well varies for a few reasons. On average, a residential well costs between $9,000 and $20,000, while a commercial well will range $15,000 to $50,000, maybe even more. The factors that impact these prices include:

• The type of water well (i.e. geothermal, irrigation, residential, etc.)
• Needing to test the water quality
• Obtaining required state and local permits
• Required depth of the well
• The geological conditions
• Tools and materials needed for drilling
• Necessary equipment to install the well
• Time and labor of the working crew

The higher price ranges are often due to needing the furthest depth while drilling in difficult geological areas, such as soil that contains clay, bedrock, or calcium deposits. However, the initial investment of installing a water well provides long-term benefits, including:

1. Long Term Water Bill Savings: A private water source can reduce or eliminate monthly water bills.
2. Raising Property Value: Many of those who move to the countryside or are looking for a commercial property for agricultural purposes consider a well to be a valuable asset, especially if the well is installed close to the main building on the property.
3. Water Quality: Private water wells provide not only a dependable water source, but some of the freshest tasting water compared to public water systems. With routine testing and maintenance, you can maintain the same level of freshwater for the lifespan of the well.