Fire sprinklers offer far greater protection for your business or family home than fire extinguishers, and they do much more than a smoke alarm that merely warns you to get out. But did you know that you could also save money on your homeowner’s insurance if you have one? Let’s take a look at how much can you expect to pay for fire sprinklers.
Putting fire sprinklers into a new building under construction is the ideal, since you’re able to literally fit it in. The costs are even lower if you plan on installing fire sprinklers from the get go instead of letting someone design the walls and plumbing first.
Depending on the size of the system and volume of water it needs to deliver, you’re looking at about one to two dollars per square foot covered. Homes with attics and basements cost more to have a sprinkler system installed than those without these spaces.
Retrofitting Existing Buildings
Putting fire sprinkler systems into an existing building is more expensive than installing it in a new building. You have to cut holes in walls and roofs, install plumbing in and around existing structural walls and literally work to make it fit. This is why putting fire sprinklers into an existing building range from two to ten dollars per square foot. The stricter the building code, the higher the average cost.
When you’re installing new fire sprinklers in an existing tall building, prices can range from two to four dollars per square foot. If you’re expanding existing fire sprinkler systems, there’s generally less cost than putting it all in for the first time.
Additional Factors that Impact Price
One interesting wrinkle is the fact that areas that have had fire sprinkler ordinances for more than five years have a lower cost than areas that don’t. The costs tend to be lower because of the higher volume of work and greater number of suppliers.
If you have metallic pipes, the cost of installing a new sprinkler system is greater than if it has only plastic pipes. If the home has a mix of metallic and plastic pipes, the installation cost will be similar to a home with only metal pipes.
Multi-purpose sprinkler systems integrate with the home’s existing plumbing; this makes them cheaper than stand-alone sprinkler systems. However, it also creates the risk that the sprinklers won’t work due to problems with the home’s water supply. A stand-alone sprinkler system costs more, but you may be able to power the sprinkler system off a home well and gas fired generator or home battery; now your sprinkler system works when wildfires have knocked out the power grid and sheer demand means the multi-purpose system may not work.
At the end of the day, the exact cost depends on the type of sprinkler system you choose, the size of your home, and the home’s architecture. However, in all cases, you’ll save on property insurance rates and could save both your home or business from total destruction, not to mention your family’s lives.